A recent report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) shows that the value of aquaculture in Australia has gone up by 8 percent in 2010-11.
According to the report, the value has grown to around AUD 948 million (USD 984 million, EUR 742.9 million). ABARES Executive Director Paul Morris said aquaculture fishery product earnings have steadily gone up over the last decade, from 29 to 43 percent, Farmed fish, particularly Atlantic salmon, made up most to this increase.
“Farmed salmonid species remained Australia’s highest earning fisheries product in 2010-11, at AUD 408.8 million (USD 424.2 million, EUR 320.3 million), after increasing its earnings by 11 percent, or AUD 39.3 million (USD 40.8 million, EUR 30.8 million),” Morris said.
Farmed tuna in South Australia has also gone up in the 2010-11 year, to AUD 125 million (USD 129.7 million, EUR 97.9 million), an increase of 22 percent, or AUD 22.9 million (USD 23.8 million, EUR 17.9 million). Farmed barramundi also went up, by AUD 3.7 million (USD 3.8 million, EUR 2.9 million), to a total of AUD 35.7 million (USD 37 million, EUR 28 million).
The increased aquaculture value was credited with contributing to a 2 percent rise in the total gross value of production of Australian fisheries, which reached AUD 2.23 billion (USD 2.3 billion, EUR 1.7 billion) in 2010-11.
