Just a little bit of info this fortnight from the Fish E Newsletter. Mostly what has been released to the market and some newspaper articles. I'm also including the following two articles which shows "copy cat" companies doing the same thing as Australis in Las Vegas and the United Kingdom. I guess if your successful then there will be copy cats..
Happy Fishing Wheeler
AUSTRALIS UPDATE With an established market for barramundi with US restaurants, Perth-based Australis Aquaculture has begun discussions with US and Canada-based supermarkets and already distributes to 400 of those outlets. Hopes are sales will reach 80 tonnes of plate-sized barramundi each month by next year. The company is taking out various forms of advertising to educate Americans about the fish. Australis increased sales by 60 per cent in the last quarter compared to the previous three months, to $906,000, and appears destined soon to make a profit. The company has temporarily scaled back its expansion plans in the US after lower-than-expected sales in the first three months of this year. Managing director Stewart Graham explains the first-quarter performance as being less than expected because of a seasonal glut in the live fish market in New York and Boston. The company flies fingerlings from Australian hatcheries to its farm near New York where they are grown out. Australis also has a network of 150 Australian outlets. Source: Michael Evans in the Sydney Morning Herald (5/4/2006); John Rolfe in the Daily Telegraph (4/4/2006); Cathy Bolt in the West Australian (4/4/2006); Foodweek (7/4/2006).
BARRAMUNDI FARMERS TO BUILD THEIR CREDENTIALS The National Aquaculture Council (NAC) and the Australian Government is to work with barramundi farmers to demonstrate farmer's economic, environmental and social credentials. The NAC has been authorised to administer an AusIndustry-funded project progressing work started under the Aquaculture Industry Action Agenda. Several farmers recognised as industry leaders have developed integrated management systems, and the project will draw on this work to develop a flexible but standardised approach to capitalise on the industry's clean, green image, and to improve practices. It's expected the work will, with other advantages, help with increased regional employment, and support bringing aquaculture back into indigenous traditional practice. Source: Sunday Canberra Times (9/4/2006).
BARRAMUNDI ON SALE IN BRITAIN Barramundi became available for sale in British supermarkets in April this year, with hopes the availability of the species might take pressure off the region's cod, which is threatened because of long-term demand. The barramundi is being harvested from England's first farm at Lymington and is expected to be sold at $36 per kilo, which is around twice the price it fetches at the Sydney Fish Market. Attempts to ship grown-out barramundi product from Australia to England have proved unsuccessful because the travelling times involved make the fish uncompetitive when compared with fresh British product. Currently the farm has a contract with the Waitrose supermarket chain, which provides for 165 store outlets. Barramundi fingerlings are flown from Australia, where they are grown out - and now the farm now has broodstock. Source: Australian (11/4/2006).
SEAFOOD BIZ IN THE MOJAVE DESERT Seafood Biz, a Gold Coast-based company, has launched a high-tech fish farm in the Mojave Desert in Nevada, US. Barramundi hatchery fingerlings flown out from Australia are to be grown out in the Cumminscorp C-Box Recirculating Aquaculture System. It's known the market - currently there's no live fish being produced for consumption in Las Vegas, it's all imported - is likely to exceed production from the pilot plant. Also the local Jewish community is interested in kosher fish and produce from the greenhouses which recirculate water through the culture system. Source: Dynamic Business (1/4/2006).
AAQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held