Original Article
Profitability of spiny lobster (Panulirus spp.) puerulus collection in Palawan, Philippines
Authors:
Niño Jess Mar F. Mecha
, Lota A. Creencia, Jean Beth S. Jontila, Maria Mojena G. Plasus, and Roger G. Dolorosa
College of Fisheries and Aquatic Sciences, Western Philippines University, Puerto Princesa City, Palawan, Philippines
ABSTRACT
Understanding profitability is crucial when engaging in any fishery business venture. The collection of spiny lobster puerulus has recently caught the interest of many fisherfolks in the province of Palawan, but information regarding its profitability is wanting. This study determined the profitability of puerulus collection based on the information given by two collectors, one from barangay (Bgy.) Rizal, Roxas and and another one from Bgy. San Juan, Aborlan. Information such as the cost of materials, operating expenses, and the monthly catch were gathered with a guide questionnaire. The return on investment (ROI) were based on sales under the prevailing buying prices and base (or fixed) prices. Both collectors invested nearly PHP 100,000 in fabricating 1,000 – 2,000 units of cement discs and for operating the traps for either six or seven months. Under the prevailing buying prices and regulated price, only the collector in Roxas had positive total net profits (PHP 13,490 and PHP 182,640) and ROI (15% and 198%), respectively. Local ordinances are needed to assist and protect the puerulus collectors from income loss caused by variable buying prices from traders. The collectors may explore using cheap and equally effective puerulus traps to reduce investment costs.
Keywords: analysis, bioeconomic, regulated buying price, monthly catch, unstable buying prices
Available Online: 15 May 2023
How to cite:
Mecha NJMF, Creencia LA, Jontila JBS, Plasus MMG and Dolorosa RG. 2023. Profitability of spiny lobster (Panulirus spp.) puerulus collection in Palawan, Philippines. The Palawan Scientist, 15(1): 24-33. https://doi.org/10.69721/TPS.J.2023.15.1.03
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
