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Considerable research has been conducted on milkfish in the Philippines. However, the available publications are scattered, and no attempt has been made in recent years to consolidate this information so that a concise appraisal can be made of the entire milkfish resource system, from fry gathering through dealers and nursery, rearing pond, and fishpen operators to marketing. The dual purpose of this paper is to provide such an overview of the Philippines milkfish resource system and to evaluate its efficiency.

We benefited considerably from the suggestions of our colleagues at the International Center for Living Aquatic Resources Management (ICLARM) and several anonymous reviewers, and hope we have done justice to their comments. Responsibility for the paper as it now stands is, of course, ours.

Finally, we would like to point out that use of brand names in this paper is not meant to imply any endorsement of any particular product.

August 1981

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