$50m for aquaculture, seafood firm

AUSTRALIA - A Western Australian businessman has launched a $50 million buy-up of aquaculture farms in South Australia. </b> <br><br> Analysts say the creation of a major seafood company could lead to better prices and major export deals for oyster growers. <br><br> The company known as Aqafood has entered contracts to buy several oyster farms on the Eyre Peninsula and an atlantic salmon and ocean trout farming operation in the south-east. <br><br> Adelaide business broker Martin White says the venture could see more seafood being sold in untapped export markets. <br><br> <i>Source: ABC Online </i>

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