Fishermen lament low prices, high cost of feeds
Fishermen decried the high cost of production and low farm-gate prices for fish, which is disadvantageous to them.
Joseph Martin Borromeo, president of the Philippine Association of Fish Producers Inc. (PAFPI), told the first National Aquaculture Summit on July 7-8 that the soaring cost of commercial feeds, power cost and inefficient marketing system have been burdening fish farmers.
He said farm gate prices are the same but the fish is sold at double the price in the market.
“It is high time for all stakeholders to work together to address these concerns and discuss areas of collaboration to promote the aquaculture industry and its key players,” Borromeo was quoted by the Philipppine News Agency as saying.
During the summit, Bureau of Fisheries and Aquatic Resources (BFAR) Illocos region Director Nestor Domenden said the Philippines ranked seventh among the top fish-producing countries in the world, with aquaculture production sharing 1.16 percent to the total global aquaculture production.