Fishing is also part of the subsistence food system of most families in Niue, some households actively involve is some form of fishing which contribute to their food supplies. Households that do not do any fishing at all buy fish from outlets selling fish at about $8 a kilogram.
There were some fishing licences issued which enable Niue to earn some revenue. However much of Niue’s fisheries is pretty much undeveloped until 2004 in which some major developments took place in the fishery industry of Niue. In October 2004 the fish processing plant of Niue Fish Processors Ltd was opened. This facility is now considered the best in the Pacific region. This is equipped with the state of the art technology for handling and processing fishing, which will ensure that highest quality of the fish being processed is maintained at all times until the fish is being shipped to the overseas markets.
The development of domestic and offshore fisheries offers great potential with the fish processing plant become operational in early November 2004. This industry is expected to comply with sustainable fishing best practices in order to ensure sustainability of fish stocks in the long term. There is scope for commercial fishing ventures in Niue with provision for catches to be processed through the fish processing plant.