Aquaculture industry rebounds

The Fish Site
by The Fish Site
27 October 2006, at 1:00am

CANADA - Operating revenues generated by Canada's aquaculture industry rebounded to an all-time high in 2005 on the strength of increased production and exports.

The industry ended two consecutive years of declines, reporting record revenues of $752.6 million, up 11 per cent from 2004.

Finfish sales, which accounted for just over 88 per cent of total operating revenues, increased 12.3 per cent to $663 million, mainly on a 40.5-per-cent increase in the value of all-important salmon production.

The value of aquaculture exports surged 22 per cent to $514.6 million, with the most significant contributor a 25.2-per-cent jump in the value of fresh salmon exported to the United States.

Source: Business Edge News