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Anyone have an update on this company, I am told Perry West is no longer with the company. I am a shareholder with many shares and considering contacting the SEC and hiring an attorney to force liquidation of the companies assets and pay out creditors and shareholders and be done. No contact source, filings or anything is not how to run a company.
I'm new here but have read the earlier posts on NGEY beginning in Sept. when I stumbled here. Thank you for the latest update Renee. I own(ed?) stock and have a couple of Cash Forward fish contracts that have not been satisfied so I'm out quite a hunk and have no idea what (if any) recourses or direction need to be made now. Can someone recommend a pro bono small claims lawyer in Coachella Valley, CA.? My last visit to the Thermal location was in October this year. The ponds were empty and I was told by Rocky French they had a brown out the night before but also a shipment of fish had ust left. It was a Sunday so it was empty of and activity or employee's. He did look as if he had been up all night though. I basically toured the site on my own and was offered to visit the other location at a later date.
NGEY registration revoked:
https://www.sec.gov/litigation/admin/2018/34-84977.pdf
It appears the SEC needs to another month to clean up that administrative law judge debacle. Stays now to August 22nd instead of this coming Monday.
LOLOL!! And did the SEC even open the envelope? I imagine the respondent just wrote "confidential" on it in the hope it wouldn't be opened and read by the wrong person.
Looks like its too late. New ALJ report from the SEC just today about NGEY. NGEY now has until April 13th to respond.
Look like financials came out today the 2016 10-K is out.
I think when a company does this to Shareholders they should be held accountable they should have to go to jail, I’m gonna be calling the local DA office in the state of business this morning
Sickening. Company should be ashamed for letting shareholders down
I am afraid its done. It will go to the grey market in a few days and then reopen for trading there on Tuesday April 3. And given the sporadic trading it may not trade at all on the greys...and of it does it will be down a lot.
In a few months the SEC will revoke its registration and the ticker will disappear. You will then have stock in a private company assuming there is any communication from them after that.
Hopefully they can get it straightened out
NGEY SEC Suspension
https://www.sec.gov/litigation/suspensions/2018/34-82894.pdf
Order:
https://www.sec.gov/litigation/suspensions/2018/34-82894-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2018/34-82893.pdf
Had no idea this company had so much in the way of assets. Its a steal a these prices.
Looks like a reboot is coming from the last SEC filing.
SEC charges today.
Lots of activity lately. Possibly in anticipation of the 10Q to be released. Hoping for sales activity finally. The asset value of the company seems way too cheap down here. Might have to start nibbling.
The Selling Climax appears to be a good buying opportunity here. I'm sure they will get the filings out soon and all is well. They have to sell the fish so we will see revenue really soon. So good buying point.
Great Buying opportunity. So they have 2.0 mil fish coming to market right? That was in the last release. At $3/fish that's about 6.0 mil in revenue sitting in the tanks. I think there are close to 14 mil shares outstanding at .07 that's a market cap of .98 mil That is crazy cheap for 6 mil of "liquid" assets swimming around.
they just included Reg FD language which they forgot. That's what I saw. NO BS here. Now the stock is taking a bloody pounding. NO idea why - very little overall volume but very cheap stock at these levels.
really the "rereleased, uuggghhh" doesnt hint at what fukn BS to ya
rereleased, uuggghhh http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11583045
Huge turd. Avoid it all costs.
Also watching this one
Started doing some digging and have to say I like what I see. Currently bidding
$NGEY
$3.5 mill offering, yikes!
If that is valued at discount to say .10 that is 35 million shares...without revs? Something sounds off here.
This is JUST a repost of old news NOTHING new.
$NGEY New Global Energy, Inc. Releases Q2 2016 Shareholder Letter
Source: InvestorsHub NewsWire
New Global Energy, Inc. Releases Q2 2016 Shareholder Letter
Thermal, CA -- July 7, 2016 -- InvestorsHub NewsWire -- New Global Energy, Inc. (OTCBB: NGEY), a public company focused on Aqua-Farming, Agriculture, and Health & Wellness, released a shareholder letter for the second quarter of 2016 as an update on company developments and how they project to impact revenue growth and profitability.
Our Tilapia are Huge
Tilapia season is in full swing and our market size tilapia now weigh in at an average of 1.5 lbs. each. This impressive weight is made possible by our farms warm climate, ample fresh water, improved brood stock, and proprietary fish feeding methodology that includes our fish being fed nutrient rich algae which is a primary food source in their natural environment.
We believe that the size and color of our fish far surpass the competition and we are proud to have a strong and steady supply of approximately 4 million fish projected to produce an on-going revenue stream. It is also interesting to note that because our farms are located in California we enjoy a competitive advantage since other seafood companies are forbidden by law from bringing live tilapia into or out of the state.
We are pursuing our marketing program of delivering direct to market which has the dual benefit of being able to absorb the margin allocable to the fish broker and delivering direct also allows us to amplify our brand message to our buyers of premium quality and product purity.
To further expand our tilapia operation, we are investigating ways to boost distribution such as a possible partnership with Amazon Marketplace to provide market to market delivery.
We have learned that certain demographic markets prefer whole fish versus filets and we will continue to take that into consideration as we ramp up distribution. We remain committed to becoming non-GMO certified, which is better for the land, the environment, animals and people and which commands price premiums and marketing benefits. We are presently pursuing the Certification process.
We are extremely pleased that the Coachella Valley Water District has approved the Thermal farm to receive canal water, which comes from the rapidly flowing Colorado River and contains more oxygen and minerals than well water. Construction of the new extension should be commenced soon that will make it possible for canal water to reach the Thermal farm; estimated completion of the project is 2-3 years. The land value of the farm is expected to significantly increase upon project completion.
The Moringa Superfood Opportunity
We recently announced a joint venture agreement with the worlds largest Moringa farm located in Leon, Nicaragua, which is a 180-acre farm growing nutrient rich Moringa. We are preparing for the launch of Moringa Reserve, LLC to develop, operate, distribute and sell Moringa-based superfood products to U.S. retail markets. Development of branding and packaging is underway.
This new partnership is exciting because it provides us with enough Moringa to meet the demand of the orders that we anticipate for future distribution. The Nicaragua farm utilizes the best possible production methods and the owners have 20+ years of Moringa experience that has resulted in high quality product. The farms land is extremely fertile and from volcanic origin and the fields are fertilized from compost made from the stems and trunks of the Moringa tree. The Moringa is all natural and organically grown without any chemicals.
In addition to retailing Moringa-based superfood products, we believe that Moringa can generate several additional significant revenue streams for the Company including Moringa based animal feed products and Moringa oil to be sold to the cosmetics industry.
Stock Price Considerations
Several of our shareholders have expressed concern about the price per share, which has fallen from recent highs. The Company continues to expand and improve its operations and technology providing what we believe is a strong base for significant growth. We have had some administrative delays due to changes in accounting treatments which have been reflected in our financial statements. We are making efforts to continue to build our accounting resources to help address the ever increasing complexity of the SEC reporting process.
A new $3.5 million 506c equity financing for New Global Energy has just recently begun through our investment banker. This $3.5 million cash infusion will support farm and operational improvements, product development and market expansion as well as provide additional working capital necessary to aggressively pursue its business plan.
We remain confident that we will experience upward stock appreciation as the public continues to understand and follow New Global Energy.
For additional details, please follow our filings and press releases. We also send out a newsletter so include a mailing address and an email on our website contact page at www.newglobalenergy.net and we will add you to the distribution list.
Sincerely,
Perry D. West
Chief Executive Officer
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This correspondence contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Accordingly, these statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed in them. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of many factors.
About New Global Energy, Inc.
New Global Energy, Inc. (www.newglobalenergy.net) is a public company focused on acquiring high-growth firms, assets and properties in the Aqua-Farming, Agriculture, and Health & Wellness industries. The trading symbol is NGEY traded on the OTCQB. New Global Energy seeks to create sustainable projects and protect the environment.
Safe Harbor Statement - This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
Charlotte Luer, Director of Investor Relations
cluer@newglobalenergy.net
239-404-6785
All winter they pumped this company about how great spring talapia harvest is going to be. Now that it came to pass all hype disappears and no mention at all how sales are going. The stock price is crumbling with no sign of recovery. Is there anybody here who can offer any news whether good or bad. Thanks
Moringa has long been used in Central America. Mothers often use it to supplement their breast milk as it very closely resembles the nutrition of mothers milk. I have a friend growing Moringa.
This company has potential of course but they are a long way from profitablity. We will see the share price go much lower before it bottoms out and begins to climb, that is, if the company survives all the toxic debt.
Moringa, HMMmmmmm I have been taking that for some time now...it is going to be the next Glucosamine...a household name in a few years...interesting.
Moringa, HMMmmmmm I have been taking that for some time now...it is going to be the next Glucosamine...a household name in a few years...interesting.
Don't see a bottom support, OTC is a pit but must be something going on that shareholders aren't aware of, looks to be positive but it's not?!?
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New Global Energy, Inc. is a public company focused on acquiring high-growth firms, assets and properties in Aquaculture, Agriculture and Health & Wellness.
If the quality of a company mirrors its leadership, then New Global Energy reflects the core values of our leaders who are dedicated to integrity, quality, commitment and innovation. The individuals who are guiding NGE have the experience, expertise and the values that will ensure the continued growth of the company as a productive and profitable entity for employees and investors alike.
At New Global Energy, we are capitalizing on the world’s critical need for food and energy solutions at a time of exponential increases in population, growing demand for food, and dwindling farmland. We are addressing these issues through strategic investments in three critical areas: Aquaculture, Agriculture and Health & Wellness. We are playing a key role in generating resources and providing products that respond to the global demand for farm-raised fish and other sustainable food sources.
New Global Energy, Inc. is a public company (symbol: NGEY, traded on the OTCBB). The company is focused on acquiring high-growth firms, assets and properties in the Health & Wellness category. New Global Energy seeks to provide consumers with solutions that lower energy costs, create sustainable projects and at the same time help protect the environment. The Company seeks to consolidate this highly fragmented industry, which grosses in excess of $5 trillion per year, and to help grow the solution by acquiring and developing properties and technologies within the realm of Health & Wellness...
Perry West is Chairman and CEO of New Global Energy Inc. He has 40 years of experience leading the growth and development of early stage companies, including public and private, in the areas of general management and technology development and growth. In addition to New Global Energy, he is an attorney and a Director of VoiceLift, Inc., a business VoIP telephone company.
Previously, he was Chairman and Chief Executive Officer of Interactive Technologies Corporation, a NASDAQ-listed technology company developing interactive digital media and interactive television. Earlier, he served as Vice Chairman and Executive Vice President/General Counsel of American Financial Network, also a NASDAQ company, and as Chairman of the Board and Chief Executive Officer of Cambridge Energy Corporation, a public oil and gas exploration and production company. He is a former partner in the consulting firm of Cambridge Equity, Inc. an international business consulting firm. In addition, during his career he has been a director and officer of a number of small private companies including: Nanogen Power Systems, LLC, a concentrated solar power company; Homeport, LLC, a financial products developer; GETG, Inc., an alternative energy company; TriMark Explorations, Ltd. a mining company; and Highlight Networks, Inc. a small public company engaged in wireless network development.
Mr. West graduated with a B.A. degree from Florida State University in 1968 and with a J.D. degree from Florida State University College of Law in 1974. After college, he graduated from the Army Engineer Officer Candidate School and served as an officer with the United States Army Security Agency.
As New Global Energy’s Director of Farm Operations for New Global Energy and Co-Founder and Chief Executive Officer of Aqua Farming Technology Inc., Rocky French employs a hands-on management style and works side-by-side with employees to ensure proper execution of operational tasks. As part of a 24-hour operation, the owners and managers live onsite to maintain complete control of the inventory and business operations and produce the highest quality fish in the industry. Employees work rotating shifts to maintain feeding schedules, sorting, grading, and harvesting. Operations are always worked around the weather as temperatures can reach 120 degrees during mid-day in the summer.
Mr. French studied at the University of San Carlos, Mindanao Regional School of Fisheries and the University of the Philippines College of Fisheries, majoring in Aquaculture. He earned certificates in Fish Pond Engineering and Hatchery Management at the Southeast Asian Fisheries Development Center, received a certificate from Texas A&M in Shrimp Farming and Culture, earned a certificate from Long Beach City College on Data Processing, and a certificate for Diesel Mechanic and Automotive Electrician from the Iloilo School of Arts & Trade.
Prior to joining NGE, Mr. French worked as a Fishery Biologist with H&T Aquatic Farms, as a Fishery Biologist/Farm Manager at FL Warm Water Ranch, as an Assistant Production Manager at Valley Fish Farm, as a Fish and Wildlife Aide for the Aquaculture Complex in Talisay, Batangas, Philippines, as a Fish Farm Manager at the Thomas O’Dell Fish/Sugarcane Farm, and as a Junior Fishery Biologist Trainee for the Southeast Asian Fishery Development Center.
In order to remain competitive in today’s global economy, having the right advisors is imperative. At New Global Energy, we seek the guidance, knowledge and support of individuals whose expertise and resources will make a positive impact on our bottom line.
We engage advisors whose core competencies can help move the company forward to reach our business goals as well as the expectations of our investors.
Following a highly successful academic career, which culminated as tenured professor of biology and director of the National Centre for Environmental Education at Tennessee Wesleyan College, John Woods co-founded West Wind Technology in 1994 with his wife Susan Woods. Mr. Woods is the author of many authoritative papers on Giant Reed grasses and Bamboos and is an acknowledged authority around the world in his subject. The fact that West Wind has continued to develop since 1994 at a time when “biomass” was not as understood as it is today, is testimony to his considerable skills as a business manager in addition to his exemplary Technical knowledge.
John and Susan Woods are amongst the world’s foremost plant biologists in their field of expertise. In particular they are experts in the micro-propagation of elite species of Bamboo and Giant Reed grasses. They have solved the problems of large scale propagation through patented biotechnological processes called somatic embryogenesis and organogenesis, and can commercially produce thousands of plants from their laboratory/green houses. In fact, an entire forest of thousands of hectares can be produced entirely within their facilities. They hold two patents on the method and apparatus for the process. This breakthrough allows a biomass production of 10 to 25 times that of forest and can be accomplished worldwide wherever a suitable site is identified. They have extensive experience in the mass macro-propagation of biomass plants and their related large scale farming practices and are similarly experienced in the collection and assessment of the data necessary in the assessment of potential development sites for the commercial production of BioReed™.
Video: Sustainable aquaculture for food security
Author: Rachel Mutter
-- Fish Farming International
Aquaculture, not the Internet, represents the most promising investment opportunity of the 21st century." Peter Drucker (1909-2005), economist and Nobel Laureate.
This video, launched at the 9th session of the UN_FAO_GFCM Committee in Morocco in February 2015 discusses the importance of sustainable aquaculture growth in the Black Sea and Mediterranean.
Welcome to the Fish & Farm Report, a bi-monthly publication available exclusively on this website. In this and future issues, the report’s publisher, New Global energy, intends to track global trends and introduce discoveries in the areas of sustainable seafood, agriculture and consumer health.
“At New Global Energy, our intention is to increase awareness of the importance of sustainable fish farming that results in high-quality, ‘certified and approved’ seafood,” says company CEO Perry D. West.
“In addition, we will report on timely issues related to agriculture including the health benefits of the super food Moringa and medical marijuana, both of which represent areas of growth for New Global Energy this year,” he continues. “We are proud to be at the forefront of these industries and to produce the Fish & Farm Report to highlight their importance.”
New Global Energy’s sustainable fish farms, operated as Aqua Farming Technologies (Aqua Farming Tech) and located in California’s Coachella Valley, are not adversely affected by the state’s highly publicized water shortages.
Aqua Farming Tech owns three wells that produce all of the water their aquaculture business will likely ever need. The wells are continually recharged by the run off of farm irrigation, natural underwater migration from mountain snowmelt and canal leakage. The farm uses a closed loop system to recycle its water through
natural cleaning ponds in order to maximize conservation of this precious resource. The water is re-circulated and pumped from fish grow tanks into reservoirs that use vegetation to filter and clean the water before it is pumped back into the grow tanks.
Studies have shown that water problems in Northern and Southern California are different. Metropolitan areas use approximately 20 percent of available water, while agriculture uses about 80 percent. The most densely populated areas are in Southern California, while the bulk of the agricultural areas are located in Northern California.
The good news – according to a 2015 article published in TIME Magazine1, Southern California has increased its water storage capacity 14-fold since 1990, and even if it stopped raining throughout the Western United States, the region would still have a 1-1/2 years supply of water.
Additionally, Southern California is fortunate to have rebate programs in place that encouraged area residents and businesses to reduce water their consumption significantly. As a result, the region does not need to ration water at this point, and it is not suffering the effects of the drought being felt elsewhere in the state. As a matter of fact, the Coachella Valley is an ideal location for sustainable fish farming because of the ample supply of water.
1 “How Los Angeles Is Surviving California’s Drought,” as reported by TIME Magazine, February 7, 2015.
In a recent study published by the World Bank, it was reported that nearly two-thirds of the seafood we eat will be farm-raised in 2030. This is according to “Fish to 2030: Prospects for Fisheries and Aquaculture,” which concludes that as sources from wild capture fisheries approach their maximum take, aquaculture—or fish farming—will help satisfy the growing global appetite for fish and seafood.
investment in aquaculture, China will produce 37% of the world’s fish and consume 38% of the fish the world eats, the report estimates.
Making aquaculture sustainable
As the global population inches towards nine billion by 2050, there will be a need for more food and jobs—which a growing aquaculture industry can help meet. But it needs to be practiced responsibly.
The new World Bank reports that in 2030, aquaculture will produce half of the world’s supply of fish, including fish for food and other products such as fishmeal.
Meanwhile, 62% of the seafood that will end up on people’s plates will come from fish farms, which will grow production to meet rising demand—especially from Asia, where roughly 70% of the fish will be consumed. In 2030, an emerging middle class in China will become a particularly large market for fish. With increased
The risks and environmental impacts of some aquaculture practices have made headlines in recent years. The disease outbreaks in shrimp aquaculture in China, Thailand and Vietnam and in salmon farming in Chile illustrate some of the industry’s challenges. But the growth of aquaculture also presents countries with the opportunity to expand and improve fish farming so that it is sustainable and environmentally responsible.
New Global Energy, Inc. (NGE) is expanding production of Moringa, the super food known as the “Tree of Life” or the “Miracle Tree.”
NGE already has 6,000 Moringa trees on its sustainable farm in Thermal, CA and 11,000 trees are scheduled to be planted on its Mecca, CA farm. In addition, the company is evaluating a 100-acre parcel in Costa Rica for Moringa development. Overall, NGE projects that with these acquisitions of additional Moringa properties and developing them to full maturity, it could realistically expect to yield annual revenues of $15 million or more from the production of Moringa
can be harvested for human use it is considered a critical benefit to the fight against world hunger.
“The leaves of the Moringa plant are overflowing with vitamins and minerals and have twice the protein of yogurt, three times more potassium than bananas, four times more calcium than milk, four times more vitamin A than carrots, seven times more vitamin C than oranges and twenty-five times the iron of spinach. In addition, Moringa leaves are packed with antioxidants and contain all the amino acids of meat, making the plant an excellent dietary supplement,” said West.
”The Coachella Valley in California and Costa Rica are both ideal locations for this fast growing, climate tolerable tree,” said Chief Executive Officer Perry D. West. “New Global’s Moringa expanding crop is an important feature of our company’s move to diversify its agricultural business while maintaining our commitment to sustainable, healthy offerings.”
The Moringa tree is known for its vast range of nutritional and medicinal properties, which improve energy level and overall health. Since virtually every part of the Moringa tree
The Moringa tree also has many medicinal properties: the bark contains a gum that can be used for stomachaches; fresh leaves can help breastfeeding mothers by increasing milk production; and as a tea, it is known to help stabilize blood pressure and assist diabetes patients by managing glucose levels. The tea is also a natural energy booster without the side effects of caffeine and helps lower bad cholesterol. The seed oil can be used as an antiseptic for minor burns, cuts, rashes and insect bites, and the remaining material is an excellent water purifier.
When combined in a scientific manner, Moringa & green algae can and do result in healthy tilapia. How do we know that? Because at New Global Energy we have developed a proprietary, sustainable feed and have created a natural growing environment that produce a profound number of healthy tilapia. The world wants healthy seafood, and we can now provide it.
Consider recent headlines:
“Most of these articles and the negative publicity related to tilapia refer to Asian-imported tilapia, which I wouldn’t eat!” says NGE Chief Executive Officer Perry West. “At our fish farm, we use no antibiotics or chemicals. Our tilapia are fed the super food Moringa and green algae for their first four months in grow-out ponds. These nutrient rich algae and other aquatic plants create a natural environment for them.”
New Global’s farms are located east of Palm Springs in the heart of California’s Coachella Valley. The region is uniquely suited to grow tilapia, a tropical fish that flourishes in the area’s warm climate, longer daylight hours, longer summers and the access to warm fresh water from geo-thermally heated wells.
“Our healthy and proprietary fish feeding methodology cuts overall feed costs in half while ensuring high-quality ‘certified and approved’ tilapia that meets the requirements of specialty retailers. By successfully solving critical cost issues through innovation and technical advancement, New Global is fast becoming the leading producer of premium seafood in Southern California and beyond,” said West.
In the next 40 years, humans will need to produce more food than they did in the previous 10,000 put together. But with sprawling cities gobbling up arable land, agricultural productivity gains decreasing, and demand for biofuels increasing, supply is not keeping up with demand. Clever farmers, scientists and entrepreneurs are bursting with ideas. But they need money to make this jump.
Financiers more often found buying and selling companies have cottoned on to the opportunity. Farm gates have traditionally been closed to capital markets: nine in ten farms are held by families. But demography is forcing a shift: the average age of farmers in Europe, America and New Zealand is now in the late fifties. They
often have no successor, because offspring do not want to farm or cannot afford to buy out family members. In addition, adopting new technologies and farming at ever-greater scale require the sort of capital few farmers have, even after years of bumper crop prices.
Institutional investors such as pension funds see farmland as fertile ground to plough, either doing their own deals or farming them out to specialist funds. Some act as landlords by buying land and leasing it out. Others buy plots of low-value land, such as pastures, and upgrade them to higher-yielding orchards. Investors who are keen on even bigger risks and rewards flock to places such as Brazil, Ukraine and Zambia, where farming techniques are often still underdeveloped and potential productivity gains immense.
A new report issued by Grand View Research, Inc. and reported on by CNBC is further evidence that New Global Energy is on the fast track to success in the aquaculture market. According to the report, the global market for aquaculture should reac nearly $203 billion by 2020. Consumers are more aware than ever of seafood’s health benefits and market demand will continue to grow, according to the report.
"Companies such as New Global Energy that focus on sustainable, healthy seafood are especially well-positioned to prosper from this growth. The research report notes that fresh water was the largest culture environment for aquaculture with market share of over 60 percent. We are fortunate because New Global’s farms are located east of Palm Springs, California in the heart of the Coachella Valley.
The region features a warm climate, longer daylight hours, longer summers and the availability of warm fresh water from geo-thermally heated wells,” said Farm Manager Rocky French.
San Francisco, California, Jan. 26, 2015 (GLOBE NEWSWIRE) -- The global market for aquaculture is expected to reach USD 202.96 billion by 2020, according to a new study by Grand View Research, Inc. Aquaculture includes farming of aquatic organisms such as mollusks, fish, crustaceans and other aquatic flora and fauna. Increasing consumer awareness of health benefits associated with seafood and growing consumption serves as a key driver for development of the market. In addition, the market demand isexpected to be further fuelled by the lack of naturally available varieties owing to extensive fishing. Rice-fish culture is expected to serve as key growth opportunity for this market over the next six years.
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