The Aquaculture industry in Newfoundland in 2011 did well

Based on the results of the Newfoundland provincial economic review for 2011, aquaculture did well. The value of the aquaculture industry salmon, trout and blue mussels was expected to be approximately Can$170 million (€129.3 million) by the end of the year. The optimistic year-end projection was based on what happened in the aquaculture industry in the first two quarters of 2011. In that time period, aquaculture production increased 43.5 percent over the same period in 2010 with a total of 10,059 tons produced.

Darin King, the provincial Minister of Fisheries and Aquaculture said, “There are a number of jobs that have been created in the Coast of Bays directly in the aquaculture industry, and the number of spin-off jobs is just tremendous. There is a high value being placed on the contribution that the industry is making, not only on the Connaigre Peninsula, but also in the spin-off jobs being created in the service sectors in the surrounding areas that are supporting what’s happening in the area. This is an important industry to the entire province.” Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers. To get your copy of  'PPLAPP' click here.