Dive Summary:
- In a new report by Rabobank, Brazil is set to become one of the world's great seafood powers thanks to good public and private investments.
- The legislative and regulatory side of things leaves a bit to be desired, however Brazil's burgeoning aquaculture industry is ready to explode regardless.
- The industry analysts believe that in the next few years, Brazil could give Norway and even China a run for their money, potentially taking the crown as the world's largest producer.
From the article:
Rabobank’s view is that despite the challenges, the Brazilian aquaculture sector - led by private and governmental investments - will enlarge its importance in the global aquaculture scenario.
While global demand has increased steadily, global capture fisheries have remained relatively flat at around 90 million tonnes since 2006 and are set to hover around current levels over the coming years given the need to control fishing efforts in order to restore overexploited stocks and achieve long-term sustainability.