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Developing a self-sufficient Philippine milkfish industry through value chain analysis

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Date
2021-02-15
Author
Salayo, Nerissa D.
Marte, Clarissa L.
Toledo, Joebert D.
Gaitan, Albert G.
Agbayani, Renato F.
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103
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Abstract
The Philippine milkfish industry has been dependent on the importation of juveniles for grow-out ever since the decline of wild fry catch and with inadequate supply from local hatcheries. However, self-sufficiency is required to address recent global uncertainties. Value chain analysis of the upstream stages of the milkfish aquaculture pathway reveals options for efficient utilization of coastal aquaculture resources, capital investments and workforce. This paper presents a value chain that starts in an integrated breeding and hatchery (IBH) facility that will produce the required juveniles to yield 7.7 thousand mt milkfish valued at PHP 692 million per year (1 USD = 50 PHP). The number of IBH needed annually were determined, such that the country should have 60 IBH in 2030 to produce 448 thousand mt milkfish worth PHP 61 billion for its 128 million projected population. Economic analysis showed that public-private partnership should fund high-investment but low-profit IBH, while private investors should operate profit-earning hatcheries, nurseries and 4-cage mariculture system to secure the milkfish industry.
URI
http://hdl.handle.net/10862/6010
Suggested Citation
Salayo, N. D., Marte, C. L., Toledo, J. D., Gaitan, A. G., & Agbayani, R. F. (2021). Developing a self-sufficient Philippine milkfish industry through value chain analysis. Ocean and Coastal Management, 201, 105426
DOI
10.1016/j.ocecoaman.2020.105426
Subject
Investments; aquaculture ASFA; Aquaculture economics ASFA; Milkfish culture ASFA; Aquaculture enterprises ASFA; Seeds ASFA; Milkfish AGROVOC; Milkfish value chain; Aquaculture investments; Philippine milkfish industry; Chanos chanos AGROVOC
Taxonomic term
Chanos chanos GBIF
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  • AQD Journal Articles [1155]

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