Status, Problems, and Prospects of the Bangus Industry in the Municipality of Binangonan, Rizal

Date

6-2023

Degree

Bachelor of Science in Agribusiness Management

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Gian Carlo U. De Jesus

Committee Member

Glenn N. Baticados, Jennica Amielle M. Mora, Mar B. Cruz

Restrictions

Restricted: Not available to the general public. Access is available only after consultation with author/thesis adviser and only to those bound by the confidentiality agreement.

Abstract

The study was conducted to present the status, problems, and prospects of bangus industry in Binangonan, Rizal. Specifically, it aimed to 1. present the structure and performance of the bangus industry in the municipality of Binangonan, Rizal; 2. describe the profile of the key industry players and actors (bangus growers and traders) as well as the bangus farm and trading enterprises in Binangonan, Rizal; 3. determine the problems of the bangus industry in the municipality; 4. identify strengths and weaknesses as well as barriers or gaps for intervention and investment opportunities for entrepreneurs, government, and non-government organizations; 5. enumerate key success factors in the industry; and 6. formulate recommendations and strategic decisions for the participants of the bangus industry in Binangonan, Rizal, to attain the industry’s full potential, viability, and sustainability.

Binangonan is among the 13 municipalities of the province of Rizal. It is divided into two main barangays: Mainland and Island barangays. The mainland is comprised of 23 barangays while the island is comprised of 17 barangays. The residents of these barangays, especially those that are on the island, are heavily reliant on fishing as their main source of income. Anchored on fisheries and aquaculture since time immemorial, the fishing industry in the municipality has been among the municipalities driver of economic growth.

In this study, a total of 50 respondents and key informants were interviewed. Among these respondents are 30 bangus growers, 10 bangus traders, and 10 key informants. The data gathered during this interview served as the primary data while the secondary data was obtained from published and unpublished studies taken from reliable sources such as the Binangonan Municipal Agriculture Office (MAO), Bureau of Fisheries and Aquatic Resources IV-A (BFAR IV-A), Food and Agriculture Organization (FAO), etc.

The result of the interview has shown that the majority of the respondents were male, married, and are at the age of 41 to 60 years old. Most of them were able to finish primary education and have at least three (3) to five (5) children. Many of the respondents were also able to attend training and seminars and are members of organizations/associations. Their type of business knowledge is mostly through experience and the majority use fishing as their only source of income. As for the bangus growers, all the respondents were male and the majority of them are at the age of 41 to 60 years old. All of them are also married with at least three (3) to five (5) children. The majority of them were able to reach secondary education. All the bangus traders interviewed were able to attend training and seminars. Meanwhile, only half of them is affiliated with or members of associations and organizations. Half of them also have no other source of income while the other half are also fish growers themselves. Meanwhile, all of the fishing enterprises were solely owned and have been operating for at least five years.

Through this interview, it can be concluded that the majority of the players in the bangus fishing industry in Binangonan are mostly dominated by the male population. Although there are female bangus growers and traders, they are very rare. Additionally, it could be inferred that the reason why players in the industry still use traditional fishing methods or techniques is that they have no other source of income to buy modern technologies and equipment.

Bangus was preferred by consumers live or fresh. Retailers and traders transact in the main port of the municipality of Binangonan called Binangonan Fish Port. This is where price negotiations take place. The harvested bangus are classified into four different classifications. The current farm-gate price of bangus is P85-P100 for Class C and D, P100- P130 for Class B, and P150 and above for Class A. The procured bangus from the Binangonan Fish Port reaches different municipalities such as Taytay and Angono and could even reach provinces like Bicol. The price of bangus could still increase as it goes along the supply chain.

According to the Binangonan Municipal Agriculture Office (MAO), bangus stockings/fingerlings were priced at P2.00 per piece. Meanwhile, feeds were priced at P1,500.00 per 1 cavan. The Farm Plan and Budget for bangus production requires a total of P538,200.00 capital requirement to be able to put up one hectare of fish cage.

Several problems experienced by the key industry players as well as different farm sizes are identified in the study. These problems include a limited number of fingerlings suppliers, the proliferation of knife fish, traditional fishing techniques, high cost of inputs, high cost requirements to maintain infrastructure and equipment, insufficiency of capital, varying prices of bangus, variable climate, lake pollution and siltation, and establishing a strong relationship with suppliers. Considering that the bangus fishing industry in the municipality is already at its maturity stage, these problems are inevitable. Despite this, there are still prospects, investment, and development entry points in the industry. These are beneficial not only to the key players of the industry but to the whole industry as well.

The better strengthen and improve the bangus industry in the municipality of Binangonan, several recommendations were provided in the study. The recommendations for the bangus growers and traders include proper aquaculture practices, appropriate utilization of fish cages, investing in affordable yet quality fish feeds, and the development of strong linkages/networking between growers and traders. As for the government and other concerned institutions, recommendation include the provision of input, the establishment of a standard quality assurance system, and the provision of easy access to funding capital and financial programs.

Language

English

LC Subject

Milkfish industry--Philippines, Business enterprises

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993 2023 M17 S43

Document Type

Thesis

This document is currently not available here.

Share

COinS