Davao’s aquaculture sector is on the rise
Agriculture Secretary Emmanuel Piñol said the coastal town of Malalag in the Davao Gulf is now considered as the new exciting destination for aquaculture investors in the country.
Piñol said that blessed with a cove where water is calm and deep at seven fathoms, the fish cages of Malalag produce some of the best tasting Bangus, Grouper, Pampano, Kitang and Danggit.
“Yesterday, Maguindanao Gov. Esmael Mangudadatu of Maguindanao Province, whose family owns about 60 fish cages, brought me to Malalag Bay where I saw the vast potentials of Fish Cage Farming,” Piñol said.
“There, I was given the exciting privilege of scooping live Bangus from a fish cage with 60,000-fish population which could earn about P3-million after six months,” he added.
To date, Malalag ships out about 60 tons of Bangus everyday, which is brought to as far as Metro Manila.
The farm gate price of Bangus now is the highest in recent years, according to Fish Cage farmers.
“We never had it so good,” Jolton Danzar, one of the big fish cage operators in the area, said, as cited by Piñol.
In addition to the Bangus, Piñol said the fish cages are also seeded with the high-value Kitang and Danggit which fetch over 200 per kilo compared to P118 per kilo for Bangus.
For every cage, the Fish Cage farmer earns between P700,000 to P1 million after six months from an investment of about P2.4 million.