As traditional commercial fishing is threatening fish populations worldwide, U.S. officials are working on a plan to expand fish farming into federal waters around the Pacific Ocean. The National Oceanic and Atmospheric Administration is creating a plan to manage commercial fish farms in federal waters, the area of ocean from three to 200 miles offshore, around Hawaii and other Pacific islands.
With support from the Center for Tropical and Subtropical Aquaculture (CTSA) and other agencies, the government of Rongelap atoll started a commercial aquaculture project to raise and harvest rabbitfish and moi, two popular fish throughout the region. One of the main aspects of the project is local production of feed using locally available ingredients, including cassava, marine bycatch, and fishmeal from a tuna cannery on the island. The feed is made on a regular basis by Marshallese technicians trained under the project.
A leading fishmeal analyst believes that while limited supply and increasing demand may eventually cause 'tight' markets, global prices are likely to exhibit 'softness' over the next two years. Speaking before an audience of producers of alternatives at the recent Fish-Free Feed Challenge, Rabobank senior analyst Gorjan Nikolik said that a confluence of factors are driving the fishmeal market, principally, a recent rise in Peruvian anchovy supply after years of depressed stocks due to El Nino. “We think that if the Peruvian industry starts to recover because the El Nino is no longer there, the next near term will probably be around $1,200 to $1,700/ton."