Fisheries industry expected to grow 5%
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The fisheries sector is seen to grow by at least 5% this year amid increased presence of pelagic fish on the eastern side of the country as a result of El Niño. The Bureau of Fisheries and Aquatic Resources (BFAR) is targeting 5%-7% production growth, BFAR Director Sarmiento, Jr. told reporters at the sidelines of The Coral Triangle Initiative Business Summit in Makati yesterday. "In our experience with El Niño, production of pelagic fishes increases...it is good for fishing. There have been increases... especially in sardines and skipjack tuna," Mr. Sarmiento said.
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Morales, N. J. C. (2010, January 20). Fisheries industry expected to grow 5%. BusinessWorld, p. S1/6.
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