Presidential Communications Operations Office

  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Wednesday, 6 July 2022 News Before 1 Feb 2012. Click for Latest
Web PIA  
 << July 2022 >> 
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:
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
PIA Archive News Reader

PIA Press Release

China buys more seaweed from Mindanao

By Mai Gevera

Davao City (27 November) -- From a mere P35 per kilo, the price of seaweed has soar to P110 per kilo as China increased its demand for the said product.

This has encouraged more entrepreneurs to engage into the business of seaweed farming, according to marine biologist Ronald Simbajon who is one of the presenters in the Mindanao Investment Conference last Tuesday.

Simbajon bared that the increase in the price seaweed was brought about by the sudden increase in the demand from the China market.

Due to the high demand, local producers of Carrageenan has now gained an upper hand to increase the price.

Data showed that China has more than 150 Carrageenan processors and is needing about 80,000 metric tons of dried seaweeds annually. The industry growth in China rose to 10 to 14 percent annually.

The country is the world's biggest producer of farmed Eucheuma seaweeds supplying about 60 percent of the raw material for Carrageenans.

"This industry contributes US$ 150 million to the Philippine economy, benefiting more than 160,000 coastal and island dwelling families, and allied services," he said.

Simbajon's presentation showed that more than 20,000 hectares are utilized out of hundred thousands available.

A quarter of a hectare seaweed farm is already an ideal farm size per family that could accommodate 500 monolines of 12.5 meter length harvest of 10,000 kilogram per cropping.

The investment would only cost P80,000 with an expected annual income of P300,000.

The seaweed industry has also an ecological importance. The seaweed biomass attracts various marine species and provides sanctuary and breeding ground for marine life.

It could also dramatically minimize destructive fishing practices and sustain productivity in the reef. (PIA) [top]

|«  prev  next  »|
»TESDA offers Galing training
»Duterte to initiate class suit against NHMFC-Balikatan
»US Ambassador praises local partners in Mindanao infrastructure projects
»China buys more seaweed from Mindanao
»Gov't to push propagation of Pangasius
»Europe, biggest importer of Pangasius
»Reduce growth rate to affect poverty incidence, say experts
»City of Mati to hold Housing Summit
»Commentary: Sustaining SC decision on citihood of 16 cities chaotic
»Southern Leyte PPOC membership reconstituted
|«  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