Analysis of the Value of Production of Milkfish

Abstract

Milkfish is important in the Philippine aquaculture, yet limited research has explored the economic value of its production and the factors that influence it. This study analyzes the trend in milkfish production value from 2008 to 2022 and examines its relationships with volume production, retail pricing, and export production. Using regression analysis, the results show a significant upward trend in production value over 15 years, with volume and retail price identified as primary drivers. Although export production showed a positive relationship in simple analysis, it was not significant in the combined model. The findings highlight that strengthening local production and retail strategies may be more effective than relying on exports to enhance industry value. Recommendations include targeted support for enhancing production efficiency, stabilizing pricing, and developing the domestic market to promote sustainable growth within the milkfish industry.