AGP Executive Report
Last update: 7 hours agoAzerbaijan’s Aquaculture Push: The country aims to more than double annual production, from 3,400 to 7,700 tonnes by 2030. At Baku’s first regional forum, FAO urged science-based management, habitat protection and responsible water use. Coral Farming: Australia’s AIMS has launched a Great Barrier Reef restoration trial, with plans to deploy up to 120,000 coral-seeding devices and train aquaculture operators and Indigenous groups to rear young corals. Feed Investment: Olam Agri is building a $70 million mill in Nigeria’s Delta State, including capacity for nearly 100,000 tonnes of aquafeed a year. BioMar is also considering acquisitions as it backs alternative feed ingredients. Growth and Innovation: Saudi investment firm Alpha Capital acquired a 33.7% stake in Tharawat Seas, which produces more than 4,000 tonnes of fish annually. Finnish biotech firm Volare plans to reach full production at its insect-protein factory in 2027. Local Production: Bayelsa State has begun harvesting fish at its revived aquaculture village, while 25 fisherfolk in the Philippines received 11,000 kilograms of seaweed propagules to support local farming.
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