Australia: Kingfish production set to increase for European markets Published: 28 March, 2006
AUSTRALIAN aquaculture company Clean Seas Tuna is to increase production of kingfish based on strong demand from European markets, Austasia Aquaculture has reported.
Farm gate prices are ahead of the company’s prospectus forecasts. In response, fingerling production in 2006 is to increase to 600,000 – with a minimum of 400,000 being grown to maturity by the company.
Clean Seas listed on the Australian Stock Exchange in 2005, and the company experienced a lower first half loss than predicted as a result of having a higher biomass of fish stock than expected. At Arno Bay, South Australia, the company’s commercial onshore southern bluefin tuna breeding facility is well under way, with the first footings for the 50 metre by 30 metre shed poured.
It’s the first step towards the company’s goal of closing the southern bluefin tuna lifecycle. Construction of the facility should reportedly be completed in August, with commissioning in September.
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