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Fisheries industry books solid performance as minister bids farewell
The value of Indonesia’s fisheries industry rose 6.2 percent to Rp 62.24 trillion (US$4.43 billion) year-on-year in the second quarter.
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President Joko “Jokowi” Widodo (center) accompanied by Maritime Affairs and Fisheries Minister Susi Pudjiastuti (second right) meets with fishermen at the State Palace in Jakarta in May, 2018. (Antara/Wahyu Putro A)
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ndonesia’s fisheries industry recorded five years of solid performance as of the first half under Maritime Affairs and Fisheries Minister Susi Pudjiastuti’s administration, which is slated to end later this month when the minister is expected to leave office.
The value of Indonesia’s fisheries industry was worth Rp 62.24 trillion (US$4.43 billion) as of the second quarter, a 6.2 percent increase from Rp 58.58 trillion in the same period last year.
The industry’s growth was higher than that of the country’s gross domestic product of 5.05 percent and the agricultural sector of 5.33 percent in the same period.
“We hope that, with the revision of the ministerial regulation, these [fisheries-related] values will increase because they are based on commodity prices in 2014,” Minister Susi said at a press conference in Jakarta on Monday, which ended with her wishing goodbye to reporters.
The ministry’s data also shows the industry’s value grew at a 5.99 percent compound annual growth rate (CAGR) in the four years starting from Rp 189.09 trillion in 2014, when Susi took office.
The industry's growth rate under Susi, who founded seafood company ASI Pudjiastuti Marine Product, was slightly higher than the 5.17 percent CAGR under minister Sharif Cicip Sutarjo, who held office from 2011 to 2014.
The increase of the fisheries industry’s value is in line with recorded increases in fisheries production, export value and domestic consumption but also with a decrease in export volume.
