A Look Into the Carrageenan Industry: How Tourism, Markets and Demand Affect the Seaweed Farmers of Bali Indonesia
- Author(s): Keohane, Aaron;
- et al.
This research clarifies what the current economic state of affairs is for the carrageenan industry with an emphasis on Indonesia. And in doing so, determines whether seaweed farming is, in fact, as lucrative as they say. The literature review will focus on the market of raw dried seaweeds within Indonesia, ultimately leading to how demand influences the market price. This paper attempts to uncover the reason for why the current market price is at an all time low for seaweed farmers. In addition, informal interviews with seaweed farmers will be analyzed to assess how market pressures, tourism and the marine protected area are affecting their present day livelihoods in Bali, Indonesia.