Indonesia: Downstream efforts will help bolster seaweed production

Published 2023년 3월 31일

Tridge summary

The article outlines the dedication of Indonesia's Marine Affairs and Fisheries Minister, Sakti Wahyu Trenggono, to enhancing the country's seaweed cultivation productivity, a crucial fishery export product. The minister aims to boost production and empower regions like Mamolo village in South Nunukan, which already produces 36 thousand tons of seaweed annually, generating an income value of Rp. 720 billion. This initiative is part of a larger strategy to downstream and add value to raw seaweed, with the hope of creating more job opportunities and setting Mamolo village as a model for the entire upstream-downstream industry. In 2021, the global seaweed market was valued at US$2.8 billion, with Indonesia contributing 12.32 percent, marking a 23 percent increase from the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta (ANTARA) - Minister of Marine Affairs and Fisheries Sakti Wahyu Trenggono echoed the government's readiness to bolster the productivity of seaweed cultivation as one of Indonesia's most featured fishery export products through downstreaming. "It has a big market potential. Hence, we will continue to bolster its production. One way is by empowering regions that have great potential. This Mamolo seaweed cultivation village is one example," Trenggono noted in a written statement received in Jakarta, Friday . Based on the data provided by the ITC Trademap 2023, the total value of the world seaweed market in 2021 hits US$2.8 billion. Meanwhile, Indonesia accounts for US$355 million in the world market, or equal to 12.32 percent of the world seaweed market value, an increase of 23 percent compared to 2020. To encourage downstreaming, he affirmed that the ministry has designated Mamolo Village, South Nunukan, as a Fishery Cultivation Village that was the ministry's ...
Source: Antaranews

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