Indonesian Tilapia Association formed

Published Dec 1, 2023

Tridge summary

The Ministry of Maritime Affairs and Fisheries (KKP) in Indonesia supports the formation of the Indonesian Tilapia Association (ATI), hoping that it will collaborate with tilapia business players to develop all aspects of the tilapia business. Tilapia has significant potential to be developed, as the global market value for tilapia is estimated to reach $13.9 billion this year and is predicted to increase to $21.6 billion in the next 10 years. The ATI aims to consolidate tilapia production and marketing in Indonesia, with a focus on cultivating saline tilapia for both the local and international markets.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Reporter: Noverius Laoli | Editor: Noverius Laoli KONTAN.CO.ID - JAKARTA. The Ministry of Maritime Affairs and Fisheries (KKP) gave a positive response to the formation of the Indonesian Tilapia Association (ATI). KKP hopes that this organization, which includes tilapia business players, can collaborate in developing all aspects of the tilapia business, from cultivation to processing. Director General of Aquaculture, Tb Haeru Rahayu, said that tilapia has great potential to be developed, especially because of the significant global market value of tilapia. Data from Future Market Insights 2023 shows that the global tilapia market value this year is estimated to reach US$ 13.9 billion, and is predicted to increase to US$ 21.6 billion in the next 10 years. "The potential for tilapia cultivation can contribute to the country's economic growth," hoped Haeru in a press release, Friday (1/12). Haeru, in appreciating the formation of ATI, stated that previously there had been no ...

Source: Kontan