Incomlend’s Post

Aquaculture is Hawaii's second most valuable agricultural activity and had record sales for the second year in a row. A new report from the University of Hawaii Economic Research Organization states aquaculture has a high potential to diversify the local economy, which largely depends on tourism. Given the fact that Hawaii imports 85-90% of its food, aquaculture also represents an opportunity to increase food security in the islands. https://lnkd.in/gdptrJUp

FAO/FISH4ACP TEAM VISIT FISH FARMS IN KWARA STATE NIGERIA 09/03/2024. Fisheries and Aquaculture are expanding in most of Africa, the Caribbean and the Pacific (ACP) countries. However, growth has been slow, and benefits do not always reach the communities who rely on them. In addition, poor Best Aquaculture and Fisheries Management Practices have limited the sector's growth coupled with added stress on the marine environment. Over the last twenty years, Fisheries and Aquaculture in Africa, the Caribbean and the Pacific have grown significantly. About 79 countries make up the African, Caribbean and Pacific Group of States (OACPS). Exports of fish and fishery products are vital to their national economies. Fish is a major source of affordable protein for the population and many people rely on the sector for their jobs and livelihoods, including a large proportion of Women and Youth FAO/FISH4ACP aims to tackle some of the underlying challenges in building sustainable Fisheries and Aquaculture. These include low economic performance, limited market access and poor social and environmental sustainability. AFRICAN, CARIBBEAN and PACIFIC (ACP) countries see an urgent need to enhance the potential of their fisheries and aquaculture capacities in a way that also safeguards the sector’s long-term growth. In 2019, the OACPS Secretariat launched a five-year programme called FAO/FISH4ACP aimed at enhancing the productivity and competitiveness of fish value chains, while ensuring economic improvement with environmental sustainability and social inclusiveness. FISH4ACP is coordinated by FAO with funding from the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development (BMZ). The program will take place in twelve Fisheries and Aquaculture value chains countries. Africa (Cameroon, Cote D'Ivoire, Gambia, Nigeria, Senegal Tanzania, Zambia, Zimbabwe, and Sao Torne principle), Caribbean ( Dominican Republic and Guyana) and Pacific ( Marshall Island) to maximize economic returns and social benefits, while minimizing the detrimental effects on natural habitats and marine wildlife. FISH4ACP: Unlocking the potential of Sustainable Fisheries and Aquaculture in Africa, the Caribbean and the Pacific. Matteo Marinelli Aisha Ibrahim Fisheries Society of Nigeria Foluke Areola Olanrewaju Badmus Kafayat Fakoya Sejiro Oke-Tojinu AQUAPET VENTURES Jackson Gross Ebinimi Ansa STEVE OKELEJI African Chapter of the World Aquaculture Society (WAS AC) FAO

SFP’S 2023 TARGET 75 SECTORS STATUS UPDATE A new report by Sustainable Fisheries Partnership (SFP) finds that, while there is a general upward trend in production from sustainable or improving sources across most seafood sectors, some sectors and regions still face challenges that hinder sustainability. https://lnkd.in/e3gMYA-a

SFP’S 2023 TARGET 75 SECTORS STATUS UPDATE A new report by Sustainable Fisheries Partnership (SFP) finds that, while there is a general upward trend in production from sustainable or improving sources across most seafood sectors, some sectors and regions still face challenges that hinder sustainability. https://lnkd.in/e3gMYA-a

REVOLUTIONIZING THE GCC FISHERIES AND AQUACULTURE SECTOR: PAVING THE WAY FOR A SUSTAINABLE FUTURE The fisheries and aquaculture industry in the Gulf Cooperation Council (GCC) region is experiencing a dynamic transformation. As of 2024, the market is valued at approximately USD 1.45 billion and is projected to reach USD 2.05 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.20%. This growth reflects the region’s strong commitment to enhancing food security and sustainability while catering to rising consumer demand. Key Drivers of Growth Strategic Government Policies Across the GCC, governments are emphasizing domestic fish production as a means to reduce reliance on imports and enhance food self-sufficiency. These strategic policies aim to develop the aquaculture sector, supporting both economic diversification and sustainability goals. Rising Seafood Consumption Seafood remains a staple of traditional diets in the GCC, and the growing population, coupled with higher income levels, is driving increased demand. This trend is influencing the development of diverse aquaculture systems to meet consumer preferences for fresh and processed seafood. Technological Innovation Advanced technologies are reshaping the aquaculture landscape. From modern farming techniques such as sea-cage systems to the use of artificial intelligence in managing production processes, innovation is boosting efficiency, sustainability, and scalability across the sector. A Vision for the Future The fisheries and aquaculture sector is set to play a crucial role in the GCC’s economic and environmental strategies. By fostering innovation, promoting sustainable practices, and encouraging public-private collaboration, the industry is poised to meet the region’s growing demand for high-quality seafood while supporting environmental stewardship. This transformative journey is more than an economic pursuit - it is a commitment to balancing growth with sustainability, ensuring the long-term vitality of marine resources for future generations. #AquacultureInnovation #SustainableGrowth #FoodSecurity #Aquaculture #Sustainability #SmartFarming

𝗪𝗮𝘃𝗲𝘀 𝗼𝗳 𝗖𝗵𝗮𝗻𝗴𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗔𝗾𝘂𝗮𝘁𝗶𝗰 𝗪𝗼𝗿𝗹𝗱 🌊 The highly anticipated 2024 FAO report on global fisheries and aquaculture is out, and it's making quite a splash! 💦 Here are some fascinating insights: 💥 For the first time ever, aquaculture production (94.4 million tonnes) surpassed wild capture fisheries (91 million tonnes) in 2022. Aquaculture now provides over 57% of aquatic foods for human consumption! 🥓 🔄 In a remarkable shift, China has transitioned from being a net exporter to a net importer of aquatic products. This seafood superpower now imports more than it exports. 🌍 Global consumption of aquatic foods continues to rise, reaching an estimated 20.7 kg per capita in 2022. However, many in sub-Saharan Africa are being left behind, with declining per capita consumption. 😔 💰 The value of global fisheries and aquaculture production hit a record $472 billion in 2022, with aquatic products remaining one of the most traded food commodities worldwide. 💸 🌱 Sustainable aquaculture growth is crucial, especially in regions like Africa, where its vast potential remains largely untapped. Targeted policies and investments are key. 🌍 There's so much more to uncover in this treasure trove of insights! 📖 Stay tuned for more updates, or dive into the full report yourself at https://lnkd.in/gScDT8dT. The tides are shifting, and the aquatic world is brimming with opportunities and challenges. Let's make waves towards a more sustainable and equitable future! 🌱 #Fisheries #Aquaculture #FoodSecurity #Sustainability #BlueEconomy

WHY INVESTING IN RESPONSIBLE AQUACULTURE IS GOOD FOR THE PEOPLE AND PLANET With global #aquaculture set to grow by 35% in the next few years, impacts may also increase, making the role of certifications such as the Aquaculture Stewardship Council (ASC) even more crucial. As blue food becomes one of the solutions to solving hunger and food security worldwide, the role of blue finance and sustainable investments has become more important today. https://lnkd.in/eWqgnkqa

Mediterranean and Black Sea countries align on shared vision for sustainable aquaculture in the Mediterranean and the Black Sea #shipping #maritime https://lnkd.in/dQFfCjaU

🇦🇺 🐟🦐🦪The #Australian government agency #ABARES has unveiled its latest #forecast for the country's #seafood sector, projecting a modest increase in the gross value of Australian #fisheries and #aquaculture production this year. 📊 The figures are set to rise by 0.5% in the 2023-24 fiscal year, reaching an estimated AUS $3.56 billion. 📈 In the mid-term, ABARES expects Australian aquaculture's value to climb by 5% in real terms by 2028-29, reaching AUS $2.21 billion and representing 64% of the total seafood production value - with #salmon / #salmonid production playing a pivotal role. ❗ However, “Conditions remain challenging and uncertain for #Australian #seafoodexports," warns ABARES Director Dr Jared Greenville. 🗣 "Not only are we seeing price falls, but #climatechange remains a significant #uncertainty for the outlook because of the potential long-term impacts on #global #seafoodproduction and #trade.” 📌 The report was released at the #ABARESOutlook conference in #Canbarra, Australia's premier #commodity #forecasting event. 👀 Read more facts and figures on this story here 👇 https://lnkd.in/djnFJhH5

WHY INVESTING IN RESPONSIBLE AQUACULTURE IS GOOD FOR THE PEOPLE AND PLANET With global #aquaculture set to grow by 35% in the next few years, impacts may also increase, making the role of certifications such as the Aquaculture Stewardship Council (ASC) even more crucial. As blue food becomes one of the solutions to solving hunger and food security worldwide, the role of blue finance and sustainable investments has become more important today. https://lnkd.in/e3jdFe6g