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Sunday, February 16, 2014

Aquaculture to produce 2/3 global food fish supply – Report


A joint research by the World Bank, Food and Agriculture Organisation (FAO), and the International Food Policy Research Institute (IFPI) have shown that fish farms sub-sector is to produce two-third of the global food fish supply by 2030, reports NaijaAgroNet.

With this, NaijaAgroNet also reports that there are prospects for fisheries and aquaculture globally.

Fish farming, the tripod report equally showed has potential to provide close to two thirds of global food fish consumption by 2030 as catches from wild capture fisheries level off and demand from an emerging global middle class, especially in China, substantially increases. 

NaijaAgroNet gathered that the collaboration between the World Bank, Food and Agriculture Organization of the United Nations (FAO) and the International Food Policy Research Institute (IFPRI), highlighted the extent of global trade in seafood which tends to flow heavily from developing to developed countries. 

According to FAO, at present 38 per cent of all fish produced in the world is exported and in value terms, over two thirds of fishery exports by developing countries are directed to developed countries.

The "Fish to 2030" report finds that a major and growing market for fish is coming from China which is projected to account for 38 percent of global consumption of food fish by 2030. 

China and many other nations are increasing their investments in aquaculture to help meet this growing demand. 

The Asia including South Asia, South-East Asia, China and Japan is projected to make up 70 per cent of global fish consumption by 2030.

Sub-Saharan Africa, on the other hand, is expected to see a per capita fish consumption decline of 1 per cent per year from 2010 to 2030 but, due to rapid population growth of 2.3 per cent in the same period, the region's total fish consumption will grow by 30 percent overall.   

The report further predicted that 62 per cent of food fish will come from aquaculture by 2030 with the fastest supply growth likely to come from tilapia, carp, and catfish. global tilapia production is expected to almost double from 4.3 million tonnes to 7.3 million tons a year between 2010 and 2030. 

One of the report's authors Siwa Msangi of IFPRI, revealed to NaijaAgroNet that the fast-moving nature of aquaculture made this a particularly challenging sector to model and at the same time, embodies the most exciting aspect of it in terms of future prospects for transformation and technological change.

"Comparing this study to a similar study we did in 2003, we can see that growth in aquaculture production has been stronger than what we thought," Msangi said. 

Isaac Oyimah/GEE
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