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Earnings from salmon farming continue to grow

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The latest ABARE–BRS Australian fisheries statistics 2009 report shows that the value of farmed salmon production rose by 7 % to $323 million in 2008-09.

According to ABARE–BRS Deputy Executive Director, Paul Morris: “Most of this growth occurred in Tasmania which produces more than 95 per cent of Australia’s farmed salmon production.”

“Australian prawn production also increased, by 6 per cent to $289 million as a result of a 5 per cent increase in production volume.

The growth in salmon and prawn production contributed to the gross value of Australia’s fisheries production remaining stable at $2.2 billion in 2008-09. This followed a decline in the value of tuna and rock lobster production.

In 2008/09, the total value of Australian fisheries exports increased by 14 % to $1.5 billion. Rock lobster was the most valuable export species ($462 million), followed by pearls ($366 million), abalone ($208 million) and tuna ($177 million).

During 2008/09, Hong Kong remained Australia’s main export market for fisheries products at $726 million. Next was Japan ($367 million) and then U.S.A. ($87 million).

The value of Australian imports of fisheries products continued to grow in 2008-09. They increased by 22 per cent to $1.7 billion.

Canned fish from Thailand, together with frozen fish fillets, and fresh and chilled whole fish from New Zealand are still the largest Australian imports of fisheries products.

When releasing the report, Morris acknowledged the assistance and contribution of the Fisheries Research and Development Corporation to the report.

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