30-Apr-2020 10.00am EST  Thursday, Apr 30, 2020

Aquaculture Frontiers in a Pandemic World

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Aquaculture Frontiers in a Pandemic World
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The global aquaculture industry tends to farm a lot of premium species for hotels, restaurants and catering, known as the Horeca business. With 34 out of the 35 member nations of the Organization for Economic Co-operation and Development (OECD) shutting down their Horeca trade (with the exception of Sweden), the global aquaculture industry is hurting. A prolonged slump could derail crucial investments in science and technology that the aquaculture needs to keep winning new customers around the world. Will a slump stop new land-based and offshore projects? Can the shrimp industry survive an economic crisis after having lived with rock bottom prices for more than a year? Will a crippling global recession stop badly needed aquaculture investments in Africa? What happens once indebted companies have to shut down their processing plants for weeks on end while workers recover from coronavirus? Will this spur a new wave of industry mergers and acquisitions?