Novel aquaculture project to spur growth in Tawi-Tawi

PHILLIPINES - A P21M hatchery project designed to boost Tawi-Tawi’s participation in lucrative foreign markets and paving its way to carve out a niche in the billion-dollar aquaculture trade will soon be completed this month.

Tawi-Tawi Governor Sadikul Sahali, believes that the hatchery will provide a major boost to the provincial economy which currently depends on the production of marginal seaweed farmers and fisher folk.

The hatchery is estimated to generate around P86 million in revenues from its grow-out operations and, once fully operational, will create at least 1,000 jobs for local residents.

Tawi-Tawi was chosen as the pilot site for the pioneering hatchery project due to its natural attributes such as uncontaminated water with high salinity levels, the availability of a wide variety of parent stock in the area, and climatic conditions ideal for year-round aquaculture production, the Growth with Equity in Mindanao (GEM) Program disclosed.

The comparatively low aquaculture operating cost in Tawi-Tawi and its proximity to target markets such as China and Hongkong, which have high-demand for high-value aquaculture products such as humpback grouper, tiger grouper, blue crab, sea cucumber and abalone is its major logistical advantage of the hatchery.

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Source:mercapesca

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