Saturday 17th Nov, 2018

Throw a prawn on the ‘barbie’; why Australia can become a seafood export powerhouse

Photo: Shutterstock
Photo: Shutterstock

AUSTRALIA has the potential to create a “very successful export-orientated seafood industry”, a global expert believes.

Rabobank’s Netherlands-based senior analyst, Gorjan Nikolik, said Australia was one of the few developed countries perfectly suited to aquaculture.

He spoke at the Australian Prawn Farmers Association Symposium.

“Australia, with its enormous coastline, varying climatic conditions and proximity to Asia is very well placed to become a large seafood exporter,” Mr Nikolik said.

“However, while the potential is definitely there, a lot of work remains to be done in regards to ramping up infrastructure and market access. Currently Australia is a very small player in the wild catch and aquaculture market, contributing less than 5% of the world’s seafood exports.

“That said, a number of producers here have large expansion projects due to come on line in the next couple of years and that could definitely flip the switch for Australian seafood exports.”

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