Malaysia could become major player in Asia Pacific aquaculture

MALAYSIA - Malaysia has the potential to become a major player in the aquaculture industry in Asia Pacific, surpassing players such as Taiwan, if more companies enter the sector, Business Times has reported.

At the moment, Taiwan is one of the biggest aquaculture players, commanding a bulk of the live fish market in the region.

Borneo Aqua Harvest Bhd managing director Datuk Lo Fui Ming said, currently, not many companies in Malaysia have sufficient technology to breed, hatch and rear fish, especially marine species, for the export market. "The market for marine fishes, especially in Asia, is huge and companies have the chance to tap into these markets given that they have the expertise and technology to breed marine fish," he reportedly told Business Times.

Apart from government support, another advantage is the quality of waters, which are full of microbes, and the environment, which protects the waters from open threats such as typhoons and big waves.

Source: FishUpdate.com