Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

Aquaculture has significant potential as foreign exchange earner for Guyana
Published on June 22, 2017 Email To Friend    Print Version

GEORGETOWN, Guyana -- According to the Guyana Sugar Corporation (GuySuCo), a report on the feasibility study for aquaculture as a diversification venture for GuySuCo discloses significant potential. 

The study was undertaken by AquaSol Corporation Inc., a company based in Florida.

The areas examined in the study included an evaluation of the physical characteristics of the proposed geographic location, soil properties, water resources and quality.  Included also were the infrastructure and the requirements for managing a commercial aquaculture project.

The consultants gave the rationale for selecting particular species, in this case, tilapia; along with a detailed operational plan that includes farm design and operations.  The report addressed prospective markets; processing and packaging; financial projections, among others.

The report indicates that there are numerous competitive advantages for aquaculture as a key diversification venture and as a business opportunity for GuySuCo in the short, medium and long term.

The main products considered in the report were tilapia and shrimp. However, the study concluded that tilapia was more suited to the Wales Estate project site than shrimp, which require a relatively saline environment. The study highlighted that Guyana’s climatic conditions and soil types are ideal to support high growth rates for tilapia throughout the year.

On the operational side, the study proposes that the capacity of the corporation will have to be built from an organizational perspective – systems and retraining of employees – as well as recruiting appropriate skills and expertise for technical and operational management.

Market opportunities for this venture are -- to a small extent – local and regional.  However, the main targeted markets would be in the United States. Brazil also appears to be market of unexplored potential.

Reads: 4744

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.

Other Headlines:

Regional Sports: