Connect with us

Local News

Seafood sector production to slide 6pc to $2.9b before steady recovery | Farm Weekly



Australia’s seafood industry is expecting farmed salmon, prawns and oysters to help lift the sector back into positive territory after coronavirus and trade disruptions.

Latest data from the Australian Bureau of Agricultural Resource Economics and Sciences reveals production value is forecast to slide six per cent in 2020-21 to $2.9 billion.

But thanks largely to a projected uplift in aquaculture production, overall industry values are set to climb again – at an average annual rate of 1.6 per cent to 2025-26 – with export values also on the up.

“The impact of COVID-19 has been complex, disrupting usual trade, particularly for highly export orientated products, such as rock lobster and abalone,” ABARES fisheries and aquaculture forecaster…

Click here to view the original article.

Continue Reading

You might also like ...

Fire-hit Antarctic ship nears Fremantle
Crew member on ship of WA coast tests positive to coronavirus