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Title: Preliminary Analysis of the Economics of Siganid Fish Culture in Palau 
Author: May, Robert C.; McVey, James P.
Date: 1977-09
Publisher: Hawai'i Institute of Marine Biology (formerly Hawai'i Marine Laboratory)
Citation: May RC, McVey JP. 1977. Preliminary analysis of the economics of siganid fish culture in Palau. Honolulu (HI): Hawai’i Institute of Marine Biology, University of Hawai’i. Report No.: 34.
Abstract: This report analyzes the economics of culturing siganid fishes in Palau,
based on data obtained at the Micronesian Mariculture Demonstration Center
(MMDC) for Siganus canaliculatus and S. lineatus. The cost of producing fry
at the MMDC hatchery is examined, followed by an analysis of the economics of
culture in ponds and in cages. For both systems, "standard" methods are first
considered, and then the probable economics effects of intensification are
examined. Finally, the economics of culture for the ornamental fish trade
and of hatchery production to support a culture-based fishery are briefly
examined. With the possible exception of culture for the ornamental fish trade,
the various systems considered here for siganid monoculture do not appear
capable of yielding a profit, given the stated assumptions. The major
problems include high production costs, which are related to the slow growth
rates so far documented for the two species considered; and the low local
market price for siganids, coupled with the high cost of transportation to
markets with higher prices (and greater volumes).
It is concluded that research on siganid culture in Palau should concentrate on reducing production costs through intensification and the development of faster-growing strains which are more tolerant of pond conditions (or the discovery of other siganid species with these attributes), and on increasing the value of the crop through polyculture and the
exploration of new markets. Culture for the ornamental fish trade and for
release are special cases for which economic justification may already exist.
This analysis is considered preliminary because of the newness of siganid culture and the limited technical data available at this time.
Series/Report No.: HIMB Technical Reports
No. 34
Description: [28] leaves ; 28 cm.
Pages/Duration: 31 pages
LC Subject Headings: Fish culture--Palau.

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