Resource National Master Plan for Agricultural Development in Suriname: Ornamental Fish Business Plan
Type Policy Paper
Last update: 06/07/2018
Type: Policy Paper
Language English
Year of publication: 2016
Citation: The National Master Plan for Agricultural Development in Suriname
Authors: Kaplan Planners
Target countries: Suriname
Download: 7,891kb
Summary The world trade of ornamental fish consists of over 6,000 species which are regularly propagated and cultured in aquaculture facilities. The overall value of world-wide ornamental fish production is estimated at 1.5 billion USD, including illegal capture. Ornamental fish production is the fastest-growing segment of the aquaculture industry, which is growing rapidly overall. In addition, there are over 3,000 unique fresh water ornamental fish species which have never been bred nor cultured in captivity.

Suriname has several comparative advantages in breeding ornamental fish:
• Natural conditions (climate, water quality) for tropical fish, which save cultivation costs compared to those of competitors.
• Proximity to North America as a main target market.
• The structure of agricultural activity (family households with government backup)
• This is a new field for Suriname unlike in competitor countries, therefore the industry may be built and developed from its foundation according to the latest knowledge and standards (e.g. biological security, protocols and working routine practices), through implementation of contemporary research and methods.

The project rationale is to combine Suriname's comparative advantages with technologically advanced techniques and breed specific ornamental fishes in an intensive culture form, as opposed to in Asian countries where breeding is done mainly in an extensive culture.

The recommended plan for the first stage is to establish a governmental unit, which will be the center for the entire industry in the state. It will include:
1. A quarantine area to hold imported brood stock
2. A production center (hatchery and nursery)
3. A grow-out facility 4. Packaging and shipping for the production center and for the family farms
4 The production center is responsible for providing first-stage infrastructure and accompaniment, including: 1. Early stage of juvenile's reproduction 2. Technological support to family farms 3. Extension services to family farms 4. Veterinary services 5. Storage

Family farms are responsible for the fish breeding process and fish healthcare. They buy juveniles from the production center.According to the business plan, the production center will produce 9 million juveniles (full capacity) and 7.8 million fish per year. The expected revenue is 7.7 million SRD per year.
The center will employ 30 people, 8 management personnel and 22 workers. Family farms will produce about 1.5 million fish per year (full capacity), providing revenue of 1.4 million SRD per year. The family farms will employ 1 manager and 4 workers.
The production center needs an investment of 7.4 million SRD. The NPV is 4.5 million SRD and the investment return is about 5 years. A family farm's NPV is about 920k SRD and it presents an investment return of 6 years. It requires an investment of 865k SRD.
List Keywords
1.1 Socio- economic Sector (OECD) 313 Fishery  
1.2 Institutional dimension Policy Development  
1.3 Natural dimension Water  
1.4 Target group(s) 2. SMEs/Private sector  
2.2 Production Chain 5. Storage
2. Production & Management
4. Harvesting  
2.3 Commodity group Fishery products