Barbados bets on tuna to boost the value of fish exports
Friday, April 03, 2020, 00:00 (GMT + 9)
The island’s fishing sector players and United Nations organizations draw up a plan to increase the value and sustainability of tuna exports.
Barbados fishing industry representatives and United Nations agencies have drafted a strategy to increase the value of the island’s tuna exports.
If fully implemented, it could dramatically boost revenue from tuna exports, from US$303,000 in 2015 to $7.5 million in 2027, UN officials say. Fishers would earn an additional $2.5 million over the same period.
The Oceans Economy and Trade Strategy for Barbados aims to give the nation’s fishing industry the tools needed to move up the tuna value chain, away from the low-value unprocessed whole fish currently exported, towards fresh boxed tuna loins.
Processed, ready-to-eat fish products sell for a higher price in global markets – about twice as ... FULL STORY