The Economics of Marine Farming of Seabream, Meagre, Grey Mullet at the Suez Canal Fish Farming Company

The main objective of the research was studying the productive and economic efficiency of farming Gilthead Seabream, Meagre, and Grey Mullet at the Suez Canal Fish Farming Company's data for the 2023/2024 production season. The results of the research showed that: The total production of marine fish from various sources decreased, representing only about 6.43% of the total fish production. The productivity of the acre of the Suez Canal Fish Farming Company farm was estimated at about 8 tons, 0.7 tons, and 2 tons, and the average cost per ton was about 63 thousand pounds, 119 thousand pounds, and 189 thousand pounds for each of the Meagre, Grey Mullet, and Gilthead Seabream, respectively. It was also found that the seabream and the Meagre achieved a profit margin for the producer estimated about 17.47% and 29.58% for each, respectively, while the Grey Mullet achieved a loss estimated about 5.11% of the selling price per ton. The most important problems in culturing the study species were the lack of marine hatcheries that provide sufficient fry, the high rates of fry loss, especially the Grey Mullet, which reached 89%, in addition to the high prices of marine feed and the low quality of it. The study recommends the establishment of marine hatcheries and specialized feed mills to produce the feed needed for fish farming, along with the need for fish guidance. As for the farm, the study recommends the rapid implementation of the company's plans for logistical services, particularly feed mills and hatcheries, focusing on breeding species that achieve higher productivity and a suitable profit margin, and expanding the area under exploitation.