GROUP 3

Members:

Gango, Kimberly Mae

Remolador, Rogelio
Dalagan, James Patrick
Opiala, Elizabeth
Gucor, Ariel
Jungao, Lorraine
Inlajusta, Mira Mae

Bohol, being surrounded by the waters, is also rich in marine biodiversity. The
coral reefs are considered among the most diverse on the planet, and are said to be
even richer than the Great Barrier Reef in Australia.Our being part of the “coral triangle”
explains why we host the most diverse marine species in the world. That’s definitely
something to be proud of.

Aside from that, our Province is also home to A LOT of fishermen otherwise
known in the dialect as MANANAGAT. Because of our rich aquatic resources, many
Boholanos resorted to fishing as source of income.

However, for a province that is an island, surrounded by seawaters and where

almost all coastal residents are engaged in fishing, the price of fish here is more than
what we can imagine. Tulingan which used to be only 50 pesos a kilo is now priced at
P150 pesos or sometimes, under bad circumstances, 200 pesos? A Tulingan used to
be compared to Galunggong which is considered the poor man’s fish. But now even
those who have more than P50 pesos to spare for a kilo of fish are also complaining.
With this issue just recently circulating in the province, what can the people in the
fishing industry say?

With the data gathered during the interview it can be inferred that production of
fish and “krudo” are considered Supplementary goods. Supplementary goods are two
goods that are used together. For example, if you have a car, you also need petrol to
run the car. Same goes with the situation here… If the price for gasoline increases, so
does the fish, since gasoline is used in order to run the fishing boat which is of course
used for fishing.

A fisherman’s job is seasonal. During circumstances, such as bad weather, they

have no other choice but to look for other temporary jobs in order to sustain them. Such
a case is being experienced by Jimmy, who works as a laborer in the market when they
can’t fish.
 Another reason why fish price are continually increasing is because the lack of
supply. In the law of supply and demand, if supply decreases and demand remains
unchanged, then it leads to higher equilibrium price and lower quantity. Because there
are more fishermen now than before, there are less fish to catch, leading to less supply
to sell, hence a higher equilibrium price. That’s why there is a huge difference of price
from years ago and today.

Fish is a high-protein, low-fat food that provides a range of health benefits. Since
the human body can’t make significant amounts of these essential nutrients, fish are an
important part of the diet. We, Filipinos, especially Boholanos, have always lived off by
eating fish. It’s been part of us, part of our customs as a community. If the price of fish
would gradually and continuously increase over time, what will happen to us? The rising
price of fish can be extremely damaging as there will be large-scale attempts to fish
illegal due to the vast sums of money which can be made, and fish stocks will obviously
badly suffer as a result. As it stands the only certain thing is that the rising global
demand for seafood means that the prices of fish and shellfish are going to continue to
rise for some time yet.