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Post-Tsunami Economic Analysis of Cage Culture Farms along the Andaman Sea Coast, Thailand

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  • A post-tsunami economic analysis of cage culture along the Andaman Sea coast of Thailand was carried out in five provinces (Ranong, Phang-nga, Krabi, Trang and Satun) from September 2007 to February 2008. Two of the culture species normally raised in this area include sea bass (Lates calcarifer) and grouper (Epinephelus malabricus). Semi-structured interviews and questionnaires were used to collect the quantitative data from the farmers at the household level in each province. Average total cost of investment both for sea bass and grouper were found to be significantly different among the provinces. (p<0.05). Average gross revenue and net profit for sea bass culture were found to be significantly different among the provinces. (p<0.05), while average gross revenue and net profit for grouper culture showed non-significant difference among the provinces. (p>0.05). The results from this study showed that net economic profit (NEP) achieved was 41,030.49 baht/crop for sea bass culture, while net economic profit (NEP) for grouper culture was 59,529.98 baht/crop. The result from the present study indicated that the economic value of cage culture farms was profitable. However, the farmers need some technical assistance from government agencies regarding price guarantee and marketing channels.
  • Keywords: Grouper, Post-tsunami, Thailand, Sea bass, Fisheries Economics, Cage culture, Economic analysis
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  • Songrak, Apirak, Rattanaporn Anantasuk, Suwat Tanyaros and Suchat Sangchan. 2008. Post-Tsunami Economic Analysis of Cage Culture Farms along the Andaman Sea Coast, Thailand. 11 pages. In: Proceedings of the Fourteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 22-25, 2008, Nha Trang, Vietnam: Achieving a Sustainable Future: Managing Aquaculture, Fishing, Trade and Development. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2008.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, The Department of Fisheries and Oceans, Canada; Aquaculture CRSP and AquaFish CRSP; Minh Phu Seafood Corporation; Vietnam Datacommunication Company (VDC); Camau Frozen Seafood Processing Import Export Corporation (Camimex); Long Sinh Limited Company; Mai Linh Group and Nam Viet Corporation.
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