TheFishSite Latest News
Tilapia market set to expand overseas
US - Tilapia farmers are using less land and water to produce superior quality fish that are expected to fetch a high price on the overseas market. |
The Tilapia Commodity Committee (TCC) presented a National Tilapia Industry Development Plan to the Cabinet's standing committee on business development quoting a projected income of 20 per cent of the current food import bill after eight years of production.
TCC chairman Herman Lee King said the industry if properly regulated could be "very lucrative".
He said that Government had given the undertaking to set up the necessary regulatory framework.
He said that the tilapia industry was attractive to investors, and unlike other areas of agri-business, need not depend heavily on Government financial support.
"We should begin to have a positive effect on the national balance sheet within three years of start-up, and subsequently export profits should increase almost exponentially," Leed King said.
Source: TrinidadExpress
Further Reading
 |
- For another report relating to this subject click here. |
Latest Industry News
MRAG Opens Asia Pacific Office
Asia Pacific Fisheries Conference
Aid for Prawn Farms in Relief Package- 100,000 tonnes Target for Aquaculture Industry
Fish is Good for the Brain
Expansion for East Cape Aquaculture
Opposition Mounts to Hydro Scheme- Maoris Back Aquaculture Bill
Advice of Water Saving for Seafood Processors
New Algal Technology Introduced
