Over the next five years the AVA wants to raise fish production from four to 15 per cent.
According to a report in Asia One Business Singapore's largest commercial fish farm, the 18-month-old Barramundi Asia, is considering applying for fome of teh $5 million on offer to improve its aquaculture technology.
The company said that an upgrade in such technology could help it increase its annual production of barramundi - or Asian sea bass - to 3,000 tonnes by 2012, and 20,000 tonnes by 2020, the Asia One report says.
The 7.2ha farm produces 500 tonnes of barramundi per year - a significantly higher yield than the average of 30 tonnes produced by most coastal farms in Singapore's marine aquaculture industry.
Last year, the 106 coastal farms, including Barramundi Asia, produced some 3,235 tonnes of what is called "food fish", mostly for consumption here, valued at $11.4 million.
Investment to Boost Fish and Food Production
SINGAPORE - The Singapore Agri-Food & Veterinary Authority (AVA) is to invest in aquaculture and agriculture to improve technology and research and improve food availability.
