Investments in Philippine aquaculture

The Department of Agriculture is promoting more investments in aquaculture which generated in 2010 some 2.51 million metric tons of fisheries produce valued at nearly P83 billion, fueling agriculture’s 12 percent contribution to the country’s gross domestic product that year.

DA Secretary Proceso Alcala is particularly urging the commercial fisheries sector ”to diversity its investments to aquaculture or mariculture,” assuring the agency and its Bureau of Fisheries and Aquatic Resources (BFAR) will continue supporting initiatives for enhancing fish culture production nationwide.

His call aims to help address the need for sustainable utilization, conservation and management of marine species nationwide.

”Our marine resources are extremely vulnerable to over-exploitation,” he noted.

Among investment-encouraging initiatives which Alcala said the DA will support is increasing availability of quality fry for various aquaculture species.

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