Entrepreneurs in the fisheries and aquaculture sectors are demanding that the government boost production of the species, whose consumption is projected to grow globally.
The government still has not spoken on the topic, but it is expected that industry representatives will meet with officials next week to refine the development plan for 2015, which includes raising tilapia.
Expectations are for an increase of between 8% and 12% due to use of space in the Caribbean Sea which until last year was under Colombian sovereignty.
According to the executive director of the Nicaraguan Institute of Fisheries and Aquaculture (INPESCA), Steadman Fagoth Müller, profits from fishing activities are expected of up to $270 million at year-end, compared with the $248 million generated last year.
Fishing terminal Shin Komatsu, located in San Juan del Sur, is operating at 100% capacity two years after its inauguration.
The $12 million terminal was donated by the Government of Japan, and processes sardines, fish and seafood. Short term plans include distributing its products in Managua.
“Spokespersons from the terminal commented that is has become so profitable that in the past two months the government has ceased ‘subsidizing’ the project with public funds”, reported Laprensa.com.ni.
The financing is coming from loans obtained from the World Bank and Alba Caruna, for the modernization of the fishing sector.
According to elnuevodiario.com.ni "the objective of the program is to improve security conditions throughout each step in the fishing process, and hence loans will be made available to fishermen who are members of cooperatives or who work individually.
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