India is looking at promoting tilapia farming to supply domestic and international markets and capture a share of a market currently dominated by China, reports The Economic Times.
A Jayathilak, chairman of India’s Marine Products Export Development Authority (MPEDA), said tilapia fetches INR 120 (€1.70/$1.90) to INR 150 (€2.10/$2.30) per kg, delivered to farmers at a production cost of just INR 60 (€0.84/$0.93) per kg.
"A farmer can make a profit of INR 60,000 (€837.10/$932.10) from a 3-metric ton capacity tank with 60,000 fingerlings in a cycle lasting 45 days, and they can seven cycles annually,” Jayathilak said.
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