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Essay On Fish Industry

2020 Words9 Pages

CHAPTER 1

1.1 Introduction

Fishery industry is one of the important economic resources in Malaysia. It offers source of employment to the society, not only for fishermen but for workers in associated industries as well, such as marine-based food industry, boat building and net making businesses. It also plays an important role as one of the component of overall agricultural sector in providing the food security for the country. However, globally, the fishing industry is highly inefficient (Cao, 2009). Deployment of highly powerful fishing technologies, build-up of redundant fishing vessels capacity, pollutions and habitat loss has reduced the fish stocks worldwide. With the help of scientific analyses, policy makers are able to understand the economic reality of fishery activity and fishing industry in order to manage it in a better way. Therefore, efficiency study of the fishery is an important requirement for fishery industry.

Terengganu is one of the …show more content…

The price of diesel will increase the cost of fishery activities and reduce the number of trips to the sea. Theoretically, if the production has decreased, the price of the product will increase. The price of fish will be increased due to the declining of total fish landing. As recorded by Fishery Development Authority of Malaysia (LKIM), the weekly retail price of fish has increased by 8.05% in fifth week of October 2013 compared to first week of January 2013. Based on a research done by the LKIM in 2008, Terengganu coastline once was a suitable habitat for various species of fish. Unfortunately, it was destroyed by the massive usage of trawlers. Last research conducted in 2001 showed that, in average, the fish landing was 45 kg per hour, an extremely low figure compared to the landing in 1967 with 478 kg per

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