Monday, March 24, 2014

World fish trade sets new records, targets 70m tonnes


THE booming world fish trade is generating more wealth than ever before, but countries must help small-scale fishers and fish farmers benefit too, just as global fishery production records 160 million tones, reports NaijaAgroNet.
The Food and Agriculture Organisation (FAO) confide in NaijaAgroNet that worldwide fishery production from wild capture fisheries and aquaculture is expected to set a new record in 2013 at 160 million tonnes, up from 157 million tonnes the previous year, while exports will reach $136 billion.
NaijaAgroNet gathered that the preliminary data published ahead of the FAO Sub-Committee on Fish Trade meeting in Bergen, Norway, shows that the record trade figures reflect the strong growth in aquaculture output and the high prices for a number of species such as salmon and shrimp.
Chief of FAO’s Products, Trade and Marketing Branch, Audun Lem, said that this has been underpinned by firm underlying demand for fish products from world markets.
Aquaculture production, he noted, is expected to hit about 67 million tonnes in 2012 and projections for 2013 point towards fish farmers producing 70 million tones, which is 44 per cent of total fishery output and 50 per cent of fish for direct human consumption.
“The proportion of fish production being traded internationally is significant, at around 37 percent in 2013. This makes the fisheries sector one of the most globalized and dynamic industries in world food production,” Lem said.




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