July, 10, 2007


Australian barramundi farm signs supply deal with Vietnam Fisheries University



Australian seafood company Australis Aquaculture has signed an agreement with Vietnam's Nha Trang University of Fisheries that would see the latter supplying it with barramundi fingerlings.


The university plans to establish a new centre for marine fish seedstock breeding that will provide Australis with technical and management services and large-scale barramundi fingerling supplies for 5 years initially.


The university would use its own hatchery and another to be constructed by Australis.


The centre is expected to supply up to 12.6 million fingerlings per year for use by Australis.


Managing Director of Australis, Josh Goldman said the agreement is an important step forward for Australis and would strengthen the company's lead in the world barramundi market.


The fingerling supply and local management services provided would be able to fill the company's Vietnamese production pipeline, helping it achieve the production goal of 10,000 tonnes of barramundi annually by 2012, he added.


Barramundi farming in Australia is catching on, especially in the eastern state of Queensland.

The state's Department of Primary Industries and Fisheries showed barramundi farming increased by 20 percent in 2005/2006.