Economy
About 23.13 million tonnes of compound aquafeeds were produced in 2005 of which approximately 42 percent was consumed by aquaculture. The aquaculture sector consumed approximately 3.06 million tonnes or 56 percent of world fishmeal production and 0.78 million tonnes or 87 percent of total fish oil production in 2006 with over 50 percent of fish oil going into salmonid diets. Increasing prices of fishmeal, fish oil, grains and other feed ingredients, and also fuel and energy will certainly affect the cost of aquaculture production. With such a scenario can aquaculture farms be economically viable or sustainable? Sustainability remains a concern, however, even more so when the demand for aquaculture products is outstripping the supply, and prices soar so that even inefficient farms might make money.
Read more about this topic: Fish Meal
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)