Aquaculture enjoys growth

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South Australia’s aquaculture industry experienced spectacular jobs growth of 14.1 percent in 2008/09.

South Australia’s aquaculture industry experienced spectacular jobs growth of 14.1 percent in 2008/09.

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Production and farm-gate value increased in most sectors of the industry, highlighted by a 65 percent rise in marine finfish value to $29.2 million.

The outstanding progress was revealed in this year’s EconSearch report.

Fisheries Minister Michael O’Brien said the report confirmed the industry is a valuable contributor to the state’s economy and food security.

“South Australia’s aquaculture industry continues to show resilience during a difficult business environment, accounting for approximately $246 million in farm-gate sales and more than half the state’s total seafood production in 2008-09,” Mr O’Brien said.

“Tuna remains the single largest market, leading with 64 per cent share of output valued at approximately $158 million, followed by oysters and marine finfish at 25 per cent, with a combined value of almost $62 million.”

Sixty four per cent of the industry’s employment is based in regional areas.

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