'A deep dive into collapse': Iloilo's fisheries sector faces unprecedented decline
Excerpt
The once-thriving fisheries sector in Iloilo is now grappling with an alarming downturn, according to analysis provided by Iloilo-based think tank Institute of Contemporary Economics (ICE). Citing local data from the Philippine Statistics Authority (PSA) and other local economic reports, Iloilo fisheries is facing a historic decline in production and value. The fisheries volume of production in Iloilo has suffered its largest year-on-year decline since records began in 1980. From 2020 to 2023, the sector experienced a continuous drop, culminating in a staggering 42.1% decline in 2023. This period marks the first-ever instance of three consecutive years of volume decreases, with production plummeting from 80,000 metric tons in 2020 to a mere 36,000 metric tons in 2023. The economic ramifications of this decline are severe, according to ICE Executive Director Joseph Ladrido. The value of fisheries output in Iloilo dropped to PHP 5.417 billion in 2023, the lowest since 1999. This sharp decrease follows a peak in 2021 when the value reached nearly PHP 10 billion.
Citation
Angelo, F. A. L. (2024, June 19). 'A deep dive into collapse': Iloilo's fisheries sector faces unprecedented decline. Daily Guardian, pp. 1, 11.
Associated content
Online versionCorporate Names
Institute of Contemporary Economics (ICE) Philippine Statistics Authority (PSA) Southeast Asian Fisheries Development Center (SEAFDEC) University of the Philippines Visayas (UPV) Iloilo State University of Fisheries Science and Technology (ISUFST) Regional Agriculture and Fishery Council (RAFC)-Western Visayas
Personal Names
Geographic Names
Collections
- DailyGuardian [610]
Related items
Showing items related by title, author, creator and subject.
-
SEAFDEC-AQD kicks off 50th anniv with new shrimp, milkfish facilities
Marzan, Joseph Bernard (DailyGuardian,July 5, 2023 , on page 1) -
[ The Department of Agriculture (DA) celebrates its 118th Anniversary ]
(Malaya,June 23, 2016 , on page A11) -
The new DA structure
Reyes, Mary Ann LL. (The Philippine Star,May 28, 2000 , on page 23)