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Spire sponsors INBC Salmon Evening to explore business opportunities in aqua farming

6 May 2014

Spire sponsors INBC Salmon Evening to explore business opportunities in aqua farming

Indonesia is the world’s third largest aquaculture producer. What business prospects lie in Indonesia’s aqua farming industry? Spire Research and Consulting was honored to be a sponsor and speaker at the Indonesia Norway Business Council (INBC) Salmon Evening in Jakarta – an event aimed at exploring trends and potential business opportunities in Indonesia’s aqua farming industry.

At the event, Franklin Crum, Manager, Client Service of Spire Research and Consulting, spoke about aqua farming and the untapped opportunities in this industry. He remarked that Indonesia, being the third largest aquaculture producer worldwide (trailing closely behind China and India), saw an average annual increase of 30.9% in aquaculture production volume from 2009 to 2012.

Crum commented that opportunities in aqua farming are abundant. There is an increasing demand for high-value fish species such as snapper, grouper, pompano and barramundi as well as rising supply of fingerlings (young fish) for distribution from research centers. He pointed out that most industry players were still using conventional methods for cultivation (breeding) and will benefit from partnering with more technically advanced peers, presumably foreign players.

Crum shared that investors should further explore the areas of Ambon, Bali and Makassar as best possible locations for aqua farming production. These areas were supported by proper infrastructure, apt environmental conditions and good logistics facilities for trade.

Franklin Crum’s presentation deck on “Aqua farming business opportunities in Indonesia” can be found here.

For media enquiries, please contact:
Alyssa Tan
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (65) 6838 5355
E-mail: alyssa.tan@spireresearch.com

Nidhi Singh
Senior Executive, Corporate Communications
Spire Research and Consulting
Phone: (91) 124 646 5499
E-mail: nidhi.singh@spireresearch.com

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