Movement in the black fly industry
Grimaud (France) a company involved in life science, is teaming up with Nasekomo (Bulgaria) in a joint venture named Fly Genetics.
The JV aims to raise black flies to produce fly meal (but also oil and fly manure), to the tune of 100,000 tons (2026). At this time, the price of fly meal may be lesser than fish meal.
Nasekomo raised EUR 4 millions to finance its development.
Source: Girex agencies