Monday, March 23, 2015

23/03/2015: Prawn farmers hopeful northern aquaculture inquiry will drive industry expansion

Commercial prawn farmers are hopeful a parliamentary inquiry into northern aquaculture will help drive investment and expansion across the industry, ABC News reports

The inquiry was announced by the Joint Select Committee on Northern Australia yesterday, and will focus on new projects, products, markets and innovation.

President of the Australian Prawn Farmers Association, Matt West, welcomed the move, but said the focus should be on expanding existing businesses, rather than commercialising new species.

"I think the biggest opportunities for northern aquaculture lie with the expansion of the current well-known and well-practised species, like the prawn and barramundi industries," he said.

"Innovation in new species and products is essential for growth, but I don't think the government can lose sight that they have an opportunity to grow an existing industry."

Read more HERE.

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