November 30, 2020 — Increased demand for seafood and slowing growth of fisheries and aquaculture production will see prices increase by almost a quarter over the next 10 years, projects the Food and Agriculture Organization of the United Nations (FAO).
Its report “The State of World Fisheries and Aquaculture 2020,” (or SOFIA 2020), expects total fish production to rise from its current level of 179 million metric tons (MT) to around 204 million MT in 2030. While this will represent an increase of some 15 percent, by comparison, for the period 2007-2018 that rate of growth was a much more dynamic 27 percent.