The Australian government has targeted a gross value of A$2.5bn (US$1.65bn) for the country’s aquaculture industry by the year 2010.
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According to Aquaculture Industry Action Agenda documents, the government hopes to see the industry grow by almost 13% each year to achieve this goal.
The aquaculture industry in Australia is currently worth $746m, but around 60% of all seafood sold in Australia is imported, suggesting potential for growth in the domestic industry.
There are some barriers seen as representing a challenge to the expanding industry, such as changing the nature of waterways to accommodate farms, environmental concerns and competition with recreational use of waterways, reported the Australian.
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