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PIA Press Release
2009/10/21

BFAR invites players in mariculture

By Mai Gevera

Davao City (21 October) -- To counter possible changes in fish production caused by climate change, the Bureau of Fish and Aquatic Resources (BFAR) has intensified its campaign to attract potential players in mariculture.

Region XI, having four mariculture parks, the BFAR is continuing to invite more investors to maximize the aqua culture resources especially in Panabo City, Island Garden City of Samal, and the municipalities of Mati, and Pantukan.

During the celebration of the 46th Fish Conservation Week, BFAR regional director George Campeon announced that the Panabo Mariculture Park has now utilized 30 percent of the 60-hectare fish area which started to operate since 2006.

The Samal Mariculture Park, on the other hand, starts to produce raw materials for export. It still awaits the construction of a processing plant so that the fresh harvest will immediately be processed in Samal.

Campeon said that the Panabo Mariculture Pak has a carrying capacity of 600 fish cages; hence, the area can still accommodate more than half of the existing 300 cages now established in the mariculture park.

As of April 2009, the mariculture park in Panabo has accepted 101 investors; 19 of them come from the marginalized sector while 82 are private investors. These investors had poured in a total of P115-million worth of investment.

The 350 fish cages in the said area had produced a total of 361 metric tons of fishes.

To cater those who don't have enough capital money to start the business, the BFAR introduced the cage for rent scheme. In this strategy, potential investors especially those coming from the marginalized group would only have to rent the cage for P10, 000 to be maximized for one cropping season.

The construction of the facility will all be handled by the BFAR, with the help of the local government unit. (PIA XI) [top]

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