OECD: Aquaculture set for long-term growth
December 11, 2017
By Ruby Gonzalez
Aquaculture production is on track for long-term growth, according to the Organization for Economic Co-operation and Development.
Aquaculture production in OECD countries has been increasing annually at 2.1 percent and its value at six percent since 2006.
For the period 2015-2016, China is the run-away global leader with $132 billion in aquaculture production.
Chile and Norway are second and third with $7 billion and $6 billion, respectively. The US and UK are ranked seventh with $1billion each.
Harvests in capture fisheries are declining. This is a result of declining stocks and more restrictive fishing policies aimed at sustainable fishing, said the report, OECD Review of Fisheries 2017.
OECD is an intergovernmental economic organization with 35 member countries, founded to stimulate economic progress and world trade.