Connect with us

Hi, what are you looking for?

Economy

New IATF panel to oversee aquaculture and fisheries

THE Inter-Agency Task Force (IATF) on Food Security has created a sub-task group to focus on aquaculture and fisheries, a non-governmental organization (NGO) said.

At a virtual briefing Monday, advocacy group Tugon Kabuhayan said the new sub-task group was tasked with improving aquaculture production by streamlining the process for identifying potential aquaculture sites and approving private sector investment.

“The Philippine aquaculture industry is efficient, strong, and competitive. It doesn’t require state subsidies to survive. All it needs is a policy environment conducive for sustainable growth,” the NGO said.

Citing government data, Tugon Kabuhayan said the aquaculture subsector accounted for 53.4% of fisheries output in 2019.

Tugon Kabuhayan added that according to price monitoring by the Department of Agriculture, the prevailing price of milkfish (bangus) and tilapia was P160 and P120 per kilogram, respectively, cheaper than other protein sources such as pork, which was at P380 per kilogram, and chicken, at P180 per kilogram.

“Filipinos consume more fish protein. Fortunately, this is the most reasonably priced and readily available. Based on volume and prices, aquaculture is now the backbone of our protein food security,” Tugon Kabuhayan said.

It said issues currently hampering the development of the aquaculture industry include short tenures in production sites which discourage long-term investment; limited government-approved sites; and the need for stronger regulation.

The sub-task group’s chairperson, Agriculture Undersecretary Cheryl Marie Natividad-Caballero, said the new panel plans to increase production volume by 2-3%.

Ms. Natividad-Caballero added the plans call for 80 additional fish cages in Laguna de Bay within the first half of 2021, to augment the fish supply for Metro Manila.

She said 10% of the country’s dams are suitable for aquaculture, including Pantabangan Dam in Nueva Ecija, Magat Dam in Ifugao and Isabela provinces, and San Roque Dam in Pangasinan and Benguet.

“There have been initial discussions. We just have to define the protocol and the terms of reference so that when the private sector goes into aquaculture in those non-traditional areas, the laws are already defined,” Ms. Natividad-Caballero said. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global plastic pollution treaty, weeks...

Economy

By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded its growth forecast for the Philippines for this year and 2023, citing an “accommodative”...

Economy

THE PHILIPPINE auto industry’s sales recovery will likely be derailed if a measure reimposing excise taxes on pickup trucks is signed into law, according...

Economy

THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected to...

Economy

THE ASIAN Development Bank (ADB) is planning to allocate at least $14 billion for a program aimed at easing a food crisis in the...

Investing

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.