The Bureau of Fisheries and Aquatic Resources (BFAR) is the government agency responsible for the development, improvement, management and conservation of the country's fisheries and aquatic resources.
It was reconstituted as a line bureau by virtue of Republic Act No. 8550 (Philippine Fisheries Code of 1998). The bureau is under the Department of Agriculture.
Conserve, protect and sustain the management of the country’s fishery and aquatic resources
Alleviate poverty and provide supplementary livelihood among municipal fisherfolk
Improve aquaculture productivity within ecological limit;
Utilize optimally the offshore and deep-sea resources; and Upgrade post-harvest technology.
Cargill abandons battle to acquire Nutreco Netherlands
After weighing all the relevant facts, including alternative potential investments, US company Cargill has decided not to acquire Nutreco, leaving SHV Holdings as the only bidder.