Fisheries and aquaculture research planning needs for Africa and West Asia

The report describes the process in identifying the research agenda for conducting research on living aquatic resource management in the Africa and West Asia region.Fisheries, Aquaculture, Research programmes, Africa, Asia, West,

Asset Pricing in Created Markets

We investigate the applicability of the present-value asset pricing model to fishing quota markets by applying instrumental variable panel data estimation techniques to 15 years of market transactions from New Zealand's individual transferable quota (ITQ) market. In addition to the influence of current fishing rents, we explore the effect of market interest rates, risk, and expected changes in future rents on quota asset prices. The results indicate that quota asset prices are positively related to declines in interest rates, lower levels of risk, expected increases in future fish prices, and expected cost reductions from rationalization under the quota system. Copyright 2007, Oxford University Press.

Maturidade sexual do caranguejo Armases rubripes (Rathbun) (Crustacea, Brachyura, Sesarmidae) na Baía de Sepetiba, Rio de Janeiro, Brasil Sexual maturity of the crab Armases rubripes (Rathbun) (Crustacea, Brachyura, Sesarmidae) in Sepetiba Bay, Rio de Janeiro, Brazil

Objetivou-se analisar a maturidade sexual de Armases rubripes (Rathbun, 1897) em três diferentes ambientes (rio, praia arenosa e manguezal) no sudeste do Brasil. Os caranguejos foram coletados mensalmente de julho/2002 a fevereiro/2004, utilizando-se peneiras no Rio Sahy durante as marés altas e, manualmente, na praia e no manguezal, durante as marés baixas. Os animais foram capturados por dois coletores num esforço de 15 minutos por estação de coleta. No laboratório, os exemplares foram separados por sexo e mensurados em relação a largura da carapaça, do abdome e comprimento do gonopódio. As gônadas, gonopódios e o abdome foram analisados segundo sua forma e seu aspecto. Um total de 4.051 indivíduos foram amostrados (1.067 machos, 1.563 fêmeas e 1.421 juvenis). Foram determinados cinco morfotipos: juvenis, machos imaturos, fêmeas imaturas, machos maduros e fêmeas maduras. O início da maturidade sexual fisiológica e morfológica ocorreu de forma assíncrona, com machos produzindo gametas mais cedo que as fêmeas. O tamanho da primeira maturidade sexual apresentou diferença significativa entre os ambientes analisados, exceção observada para o manguezal. Os indivíduos obtidos no manguezal apresentaram menores tamanhos para o início da maturidade sexual. Embora, estimados os tamanhos da maturidade sexual morfológica de machos e fêmeas, a análise do crescimento alométrico foi inadequado para a espécie.<br>The present study analyzed the sexual maturity of Armases rubripes (Rathbun, 1897) in three populations from different environmental conditions (river, beach and mangrove) in the southeastern Brazilian coast. Crabs were sampled monthly from July 2002 to February 2004; they were captured with sieves at Sahy River, during the high tides, and by hand at beach and mangrove areas, during low tides. Animals were captured by establishing a catch effort of two collectors during 15 minutes for each station. At laboratory, all individuals were sexed and the carapace width measured. The gonads, gonopods and abdomen morphology were observed according to shape and macroscopic aspects. A total of 4,051 specimens were sampled (1,067males, 1,563 females and 1,421 juveniles). There were recognized five morphotypes: juveniles, immature males, immature females, mature males and mature females. The onset of physiological and morphological sexual maturity was asynchronous within sexes, of which, males reaching the ability to produce gametes earlier than females. The size at the onset of sexual maturity was significantly different among populations different coming from areas, except for mangrove area. The individuals obtained from mangrove showed the shortest size at the onset of sexual maturity. Therefore, estimates of males and females sizes at morphological sexual maturity the allometric growth analyses are inadequate in this species