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Seafood set to become fast-lane winner

by 5m Editor
11 July 2006, at 1:00am

AUSTRALIA - Poised for rapid growth, the aquaculture industry will challenge for the title of South Australia&#39;s fastest growing industry over the next decade. SA Aquaculture Council chairman Bruce Zippel believes the state&#39;s aquaculture sector could easily become a $1 billion industry in the foreseeable future. A survey of industry leaders and organisations indicates the value of aquaculture in SA is likely to jump from $265.5 million in 2006 to between $720.5 million and $820.5 million in 2016. It is based on tuna increasing in value to $400m-$500m, finfish to $200m, abalone $60m and oysters to about $50m. When the industry projected its value out to 2013 a couple of years ago, Mr Zippel said the forecast was for a $650 million industry. <i>Source: The Advertiser</i>

5m Editor