American feeds supplier eyes lobster production in Davao

DAVAO CITY, Nov. 3 — An American aquaculture feeds supplier who recently visited Davao City is eyeing lobster production in Davao Region.

Denzil Nicholson of Verdant Ocean Inc., an aquaculture feeds supplier, said lobster production in the region will be good.

"The region is a good area for development. It is one of the most viable industries as lobster stocks are on the decline,” Nicholson said.

Nicholson was part of the US-Philippines Agribusiness Trade and Investment Mission, which brought representatives from various agricultural companies in the US who are investing on poultry, meat, cold chain, global information systems and feeds companies.

One of the highlights for this particular trade mission was a site visit to the 60-hectare mariculture park of the Bureau of Aquatic Resources and Fisheries (BFAR) in Panabo City, Davao del Norte.

The mariculture park breeds among others high value species of groupers, saline tilapia, sea bass, groupers, snappers and abalones.

The mariculture park in Panabo City has been identified as one of the most developed in the country.

Over 30 investors from the US, led by US Department of Agriculture Secretary Tom Vilsack arrived recently in the country and conducted business matching and site visits in Metro Manila and Davao Region.

The group also visited Metro Manila and has reportedly opened investment potentials reaching an estimated value of US$ 330 million.

Twelve of them visited Davao Region and expressed interest on biofuel crops production and aquaculture. (PNA) FFC/DDB/lvp

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