Israel Supports Fish Farming with 10 Million Shekels Investment
Tel Aviv, Israel – July 31: Israel’s Ministry of Agriculture and Food Security is set to support investments in aquaculture, which involves the breeding, raising, and harvesting of fish, shellfish, and aquatic plants. The investment amounts to approximately 10 million Shekels (USD 2.65 million).
The support will be given proportionally to the marketed ton, with 5,500 Shekels (USD 1,462) per ton of fish. The Ministry aims to encourage investments in the aquaculture industry for breeders of fish such as bream, barramundi, bass, sea bass, mullet, and others. This initiative follows the government’s reduction of tariffs on these types of fish to help lower the cost of living in the country.
Oren Lavi, Director General of the Ministry of Agriculture and Food Security, stated, “The management of the ministry sees great importance in promoting protein solutions for the population, including the development of food from water. These days, we are working to remove many barriers to the activity of this branch of all its types, while building a strategic plan, as part of the formulation of Israel’s food security plan.”
The Ministry explained that the aquaculture industry is a significant agricultural sector that it aims to strengthen. Today, fish production in artificial ponds and fish cages in the sea has become a large industry, yielding more produce than traditional fishing. To continue meeting the demand for food from the sea, the Ministry considers it appropriate to support and invest in the aquaculture industry.
Doubts Revealed
Shekels -: Shekels are the currency used in Israel, just like we use Rupees in India.
Aquaculture -: Aquaculture is like farming, but instead of growing crops, people raise fish and other water animals and plants.
Bream -: Bream is a type of fish that people like to eat. It’s similar to the fish we have in India.
Barramundi -: Barramundi is another type of fish that is popular for eating. It’s found in both fresh and saltwater.
Sea Bass -: Sea Bass is a fish that lives in the sea and is also popular for cooking and eating.
Tariff -: A tariff is a kind of tax that the government puts on goods coming into the country. Lowering tariffs can make things cheaper to buy.
Director General Oren Lavi -: Oren Lavi is a person who has a big job in Israel’s Ministry of Agriculture and Food Security. He helps make important decisions about food and farming.
Protein solutions -: Protein solutions are ways to make sure people get enough protein in their diet, which is important for growing and staying healthy.
Food security plan -: A food security plan is a plan to make sure that everyone has enough food to eat, even if there are problems like bad weather or other issues.
