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AUSTRALIS AQUACULTURE GEARS UP TO SELL BARRAMUNDI TO US.

AsiaPulse News

| June 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, June 1 Asia Pulse - Fish producer Australis Aquaculture Ltd is set to place fresh barramundi on the plates of US diners by exporting live fish in huge quantities to the A$55 billion (US$39 billion) American seafood market.

Since March the company has been exporting South Australian-bred barramundi fingerlings - infant fish - to the United States, with the first of the fast-growing fish expected to hit US menus from September 2004.

The company, which will launch an initial public offer (IPO) this week, said it was stocking enough fish to produce 360 tonnes a year initially, with the aim of building up to 700 tonnes per annum.

Full production would breed about a million fish a year in a huge tank at Turners Falls, which is about three hours drive from New York and 90 minutes ...

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Source: HighBeam Research, AUSTRALIS AQUACULTURE GEARS UP TO SELL BARRAMUNDI TO US.

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