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Effects of Globalization On Bangus Industry

The document discusses the milkfish (bangus) industry in Dagupan City, Philippines. It provides background on the culture and production of milkfish in the region. Dagupan is a major producer and exporter of fresh and processed milkfish, distributing to markets in Manila, Baguio City, and other parts of the Philippines. It also exports processed milkfish to international markets in California, Hawaii, and other locations. However, the industry may be threatened if Indonesia stops exporting milkfish fry to the Philippines. The study aims to determine the effects of globalization on Dagupan's milkfish industry by examining production, demand, prices, and trade regulations, as well as exported volumes, capital flows, competition

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Romel Bucaloy
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103 views4 pages

Effects of Globalization On Bangus Industry

The document discusses the milkfish (bangus) industry in Dagupan City, Philippines. It provides background on the culture and production of milkfish in the region. Dagupan is a major producer and exporter of fresh and processed milkfish, distributing to markets in Manila, Baguio City, and other parts of the Philippines. It also exports processed milkfish to international markets in California, Hawaii, and other locations. However, the industry may be threatened if Indonesia stops exporting milkfish fry to the Philippines. The study aims to determine the effects of globalization on Dagupan's milkfish industry by examining production, demand, prices, and trade regulations, as well as exported volumes, capital flows, competition

Uploaded by

Romel Bucaloy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Globalization is greatly happening all around us and have been affecting our lives

especially our economy. It affected our nation's global competency and starts an opportunity to

build our own brand name of “bangus” which can be known in several countries.

The Dagupan City region is well known for the culture of “bangus” or milkfish. Milkfish

are typically grown in shallow extensive ponds reclaimed from mangrove wetlands.

Approximately 8,700 fish ponds of this type cover about 11, 300 hectares (ha). There are

typically 4,000 fingerlings per ha and the ponds require minimal supplemental feeding, as ponds

are fertilized to promote the growth of lab-lab, a complex of filamentous algae and

phytoplankton that serve as food. Fish require a three-month growing period before reaching

market size, and two or three crop cycles per nine-month growing season are common. There are

two kinds of milkfish cultured in the city. One kind is the Bonuan Banguas which is the most

preferred kind because of its savory taste and palatability. Meanwhile, the other kind of milkfish,

which is raised only in fish pens/caged, feed on formulated feeds.

Dagupan’s milkfish production are either traded in their fresh form or in their processed

forms. Dagupan’s fresh milkfish, based from the Marketing Study conducted by the City

Government of Dagupan in 2002, were distributed to the following: Dagupan

wholesalers/retailers (50 percent); Manila (30 percent); Baguio City (10 percent); and Nueva

Ecija, Nueva Viscaya, and other areas (10 percent). On the other hand, processed (deboned,

marinated or smoked) milkfish were traded to Metro Manila (60 percent), Baguio City (25

percent), and to the other Luzon areas (12 percent). The remaining three percent are retained in

the city.

Processed milkfish are also sold abroad, specifically in California, Hawaii, and California. There

are three milkfish processors in the city. However, the main and final processing is done in
Metro Manila. Thus, the volume produced by the processors from Dagupan are included in the

volume of fresh milkfish destined for Metro Manila not as processed milkfish destined for export

market.

However, the billion-peso bangus (milkfish) industry of Pangasinan may collapse in the

next few years if Indonesia enforces its plan of stopping bangus-fry exports to the Philippines.

Dagupan being the best producer of bangus in Pangasinan will be affected since tasty "bangus"

(milkfish) made in the city is a brand name in the food industry. So the researchers came up with

the idea of knowing the effects of globalization on bangus industry in Dagupan City.

The first step towards global competency of Dagupan "bangus " industry is to study the

effects of globalization in accordance to economic growth and market integration. Government

should identify the contribution of such business and have further information that will help them

to improve their marketing strategy to attract more investors and customers globally.

The study aimed to determine the effects of globalization in the bangus industry in

Dagupan City. Specifically, it sought to answer the following questions:

1. What is the profile of Dagupan City in terms of:

a. production of bangus,

b. demand,

c. price range of bangus, and

d. trade regulations?

2. What are the effects of globalization in "bangus" industry in terms of:

a. exported bangus,

b. capital flows,

c. competition, and
d. per capita income?

3. Is there a significant relationship in the profile of Dagupan City and the effects of

globalization in "bangus” industry?

Significance of the study

The result of this study is of particular importance to the following groups of people:

Bangus Growers. The result of this study will enhance their knowledge about the unconscious

effects of their business to the economy of the Philippines.

Future Bangus Growers. This study will serve as their basis on handling their business in the

future.

Government. The result of the study will be beneficial to the government in assessing the trade

policies and economic activities of the country

Consumers. The result of this study will be an eyeopener for them to the effects of globalization

in the bangus industry.

Future Researchers. This study can be used as foundation for future important research about

the effects of globalization in the bangus industry

Conceptual Paradigm
Independent Variable Dependent Variable

Dagupan Profile Effects of globalization in "bangus"


industry

a. production of bangus, a. exported bangus,

b. demand, b. capital flows,

c. price range of bangus, and c. competition, and

d. trade regulations d. per capita income

Figure 1. Conceptual paradigm of the study showing the independent and dependent variable of
the study.

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