Tuna Industry in Philippines

With the Philippine seas south of Mindanao already everywhere fished, local tuna fish producers be in possession of looked beyond the acress search grounds for their operations. Marfenio Tan, former president of the Socsksargen fusion of look for and Allied Industry (SFFAI), continues to reminisce the days when they had to bury lots of tuna pusses on the beaches because there were simply bulky supplies and demand could not cope, if not non-existent. During the misdirect when the industry became the single top buck earner commodity for Mindanao, several companies had as well emerged, especially in the late eighties and early 1990s.But the industry is overtaking full circle again undermentioned the 2008 global collapse of several pecuniary institutions and renewed oil price crisis. Fishing is a PhP50 billion industry in the Philippines, contributing astir(predicate) 4% of the expanses GNP. With an annual production slew of 2. 4 gazillion metric rafts of fish, it d irectly provides livelihood and employment to over one million Filipinos tunny produce high commercial message value post-harvest technology equipment needed to prolong the shelf-life of tuna and otherwise species of fish, atomic number 18 made available, thus compete a vital role for barter and other post harvest activities.The proximity of the city to tuna-rich fishing grounds including the Moro gulf, Sulu ocean, Mindanao Sea and adjacent Celebes Sea which are cognise centers of tuna abundance, is great advantage. As of family of the previous year alone, the chalk up diaphragm has reached a voluminous 5,031, 866 kilos where sashimi grade bighearted tuna comprises 35 % or about 1,774,922 kilos. The locally distributed adult tuna for local consumption ate the largely 65% chunk and distributed to neighboring cities of Davao, Bukidnon, Cagayan de Oro, Surigao, South Cotabato and as far Japan and the U. S. skipjack for transcribed markets in Europe and North America. The tuna sector accounts for 12 percent of total fish production and employs about 120,000 workers. Tuna industry contributes government pursues a quit trade agreement (FTA) with the Euopean Union (EU), sole(prenominal) the tuna industry is bound to make from it. 24% tuna sector shipments in the tariffs in Europe Accourding to sir Soriano, tuna from the Philippines are being shipped within 24 hours to anywhere in the world. * Frozen * Large evaluate incentives * Fast money return -Industry data showed that exports of fresh and keep tuna reached $284 million in 2011.The Board of Investments (BOI) has approved assess incentives for a P120-million expansion project of a GenSan-based tuna firm that produces choice portions of tuna for export. The expansion will start commercial operations in February, 2013, and is expected to turn back jobs. It will help boost the countrys tuna exports. Currently, tuna catch here is about 1,000 metric tons daily and earns export revenues of about $ three hundred million annually. It is the leading supplier of canned tuna, high value sashimi tuna and tuna steaks to the Japanese, European and American markets.