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| Datuk H'ng Ban Choon (right) inspecting the giant groupers at his fish farm in Batu Maung. |
The company is only four months in operation but has found it necessary to increase its volume of fish.
This is because demand for live fish was increasing while supply from wild stock in the sea was depleting, he said.
The company now farms over 50,000 fish in about 200 net cages. It breeds the red snapper (ang sai), tiger grouper (hor pan) and longtan grouper (giant grouper) varieties.
Malaysia-based WorldFish Centre and the International Food Policy Research Institute estimated that fish consumption will increase 57% to 98.6 million tonnes in 2020 from 62.7 million tonnes in 1997.
“Due to the rise in global demand, the price of fish is expected to increase 4% to 16% by 2020.