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Seaweed Shortage Hurting Processors

PHILIPPINES - Aside from the weakening of the US dollar, seaweed processors have to face the problem of insufficient supply of raw materials.

Seaweed Industry Association of the Philippines president Benson Dakay said domestic supply of seaweeds continues to be low due to typhoons and danggit (spinefoot) fish that eat the seaweeds.

Quoted n the Sunstar, Dakay, also chief executive officer of Shemberg Marketing Inc., said that while supply has declined, the price of seaweeds has gone up.

“The increase is almost 100 percent” from four or five years ago, he told Sun.Star Cebu.

He said the current price of cotonii seaweeds is between P40 and P50 per kilo, compared to P26 in 2003.

View the Sunstar story by clicking here.