Seafood remains risky for meat and poultry producers
Ignacio Kleinman, managing partner of Antarctica Advisors, said large animal protein companies are still a little perplexed by the complexity of seafood.
He added those sectors might gravitate to salmon or other species that are well-managed, but continue to function in a model that focuses on one species versus several.
“They find the sector a little riskier,” he said in terms of aquaculture. Yet, it makes sense for those animal protein producers to get into the sector.
“They have the capital, they have the longterm view on business.”
In many cases, the lifecycle of the seafood animals is substantially shorter than the lifecycle of beef, he gave as one example.