Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Monday, 23 September 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << September 2019 >> 
S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2009/10/29

Ulang another potential lucrative industry for Davao

Digos City (29 October) -- With the estimated 150 percent return of investment (ROI), the production of freshwater shrimp or 'ulang' is indeed a lucrative industry that one may engaged into.

Marjun P. Villanueva, operations manager of Scampi Fresh Gensan, during his recent visit in the city for a conference here, said that ulang has a rapidly expanding market.

"There is a large local market, several important niche markets such as restaurants that pay premium prices for freshwater prawn. Moreso, there is a parallel market for exports," he said.

Villanueva said that based on their research, the global production of farmed freshwater prawns was a mere 1,300 tons per year in 1980. Now, which is thirty years later, it exceeds 450,000 tons per year, with a farm-gate value exceeding US$ 1.8 billion per year. Annual global rate of expansion (ARP) for the decade was pegged at 27.4 percent for freshwater prawns but only 3.9 percent for marine shrimp.

Villanueva added that while there is a rapid global expansion of freshwater prawn farming, it still remains an untapped industry in the country where in fact technology on this is already well-developed and ready for transfer and adaptation.

"Ulang is a high value specie. It is even sold at P300 per kilogram. Thus, one can really enjoy sizeable income out of ulang farming," he said.

Per record of the Scampi Fresh Gensan, for every kilogram of ulang produced, a farmer needs to invest P160.

The freshwater prawn farming is among the industries for development which the Department of Trade and Industry (DTI) in Davao del Sur is eyeing on. (dti11/jmm) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»17 US investors in Davao for trade mission
»PAL set to downgrade Davao flights
»All set for opening of 13th Araw ng Sasa
»Military challenges Katribu and PASAKA allegations
»Multilingual call center opens in Zamboanga
»Davao elementary school kids get DIPSSCOR supplemental feeding support
»F. Bangoy NHS gets new 3 classroom building
»UNDP funds child program in Tagum City
»Davao day care services assessed
»Platforms of presidential hopefuls must carry response to needs of children, say child rights advocates
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines