Fishermen harvest cultured bangus (Milk fish) in a fish cage at Balingasag bay, part of the Lambangus festival of this town for the month of May. Balingasag is now one of the major sources of bangus in the region. -DANTE SUDARIA
Fishermen harvest cultured bangus (Milk fish) in a fish cage at Balingasag bay, part of the Lambangus festival of this town for the month of May. Balingasag is now one of the major sources of bangus in the region. -DANTE SUDARIA

Investors at the Balingasag bangus (milk fish) mariculture park in Misamis Oriental are now eyeing exporting bangus to Hawaii.
   
“It’s not just Hawaii… As of the moment, our reach is already felt in as far as Cebu, Iligan and Bukidnon. This, on top of our usual market in Misamis Oriental, Marietta Abogado, President of the Balingasag Mariculture Investors Association said.
   
Abogado said that bulk buyers such as huge goods retailer Makro now purchases the Balingasag bangus by metric tons.
   
She said that any investor willing to invest some P500,000 at Balingasag mariculture park will have a 100 percent or more return of capital in a span of three or four months.
   
There are currently 277 fish cages erected at the 195-hectare Balingasag mariculture park and each cage yields a production of ten tons per week, Abogado said.
   
Each kilo of bangus is sold from P92 to P95 as farm gate price.
   
Misamis Oriental Gov. Oscar Moreno hinted the possibility of erecting another mariculture park in the province.
   
He admitted that the supply produced at the Balingasag mariculture park still could not meet the growing demand for bangus in the country.
   
“If we can make the whole province a bangus province, why not,” he said.
   
Earlier, Agriculture Undersecretary Jesus Emmanuel Paras said that it is a top priority of the Arroyo administration to establish more mariculture parks in the country.

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