July 13, 2006

 

Fisheries' production value in South Australian aquaculture falling
 

 

South Australia's fisheries production value fell 18 percent, losing US$86 million to reach US$375 million, statistics from the Australian Bureau of Agriculture and Resource Economics show. 

 

However, total fisheries production rose by about 39 per cent to 84,000 tonnes.

 

A research economist, David Galeano, says the fall in production value was largely due to the lower value and volume of southern bluefin tuna.

 

Southern bluefin tuna in South Australia, the main export earner, has faced increased competition from mediterranean farms. The stronger Australian dollar has also hurt export value, Galeano said.