australis looking good

Just in from the "Fish-E-News" Aquaculture Industry Newsletter..
Happy Fishing!

Wheeler


AUSTRALIS LOOKING GOOD
Now producing some 50,000 barramundi meals a month for US and Canadian
diners, Australis Aquaculture is predicting its US operation will achieve
412 tonnes this financial year. The company has announced in its September
financial report a loss of $1.485 million, which it said reflected the
start-up phase of the company and establishment of the US business -
Australis was floated in 2004. In 2005 the company bought the largest
indoor aquaculture facility in the US and stocked it with barramundi
fingerlings flown from Australia. The first American-grown barramundi
became available in March and sales are growing strongly, nearing $250,000
for each month. There are plans to expand the US plant to take production
from 700 tonnes to 1000 tonnes annually.
Source: Foodweek (23/9/2005).