CSS 2.60% 75.0¢ clean seas seafood limited

article from adelaide advertiser

  1. 116 Posts.
    EYRE Peninsula aquaculture company Clean Seas Tuna expects to sell more than 1.25 million kilograms of kingfish in the next financial year, adding $11.5 million to its sales figures.

    Chairman Hagen Stehr said rising "farmgate" prices for kingfish meant the company was likely to make at least $9.25/kg.

    The company also aimed to fill its production pipeline for future years with the production of 1.2 million kingfish fingerlings in 2007-08, potentially worth $30 million in sales.

    "Aquaculture is emerging as a mature industry in Australia and as such is earning the genuine interest of major investors," Mr Stehr said. "Clean Seas is taking a leadership position within the industry and is attracting funds from major players as a result."

    About 40 per cent of the kingfish harvested from Clean Seas' pens in Spencer Gulf were sold in Australia and the rest overseas.

    "Aquaculture will continue to deliver a greater proportion of the seafood the world consumes," Mr Stehr said. "It must become the dominant source of seafood if we are to sustain natural fishery resources while meeting demand for seafood in Australia.

    "(In Australia) we each eat an average 12kg of fish a year.

    "In the increasingly affluent South-East Asian nations . . . the recognised health benefits of seafood are key market drivers."

    In 2005-06, Clean Seas produced more than 650 tonnes of farmed southern bluefin tuna, more than 600 tonnes of kingfish and about 200 tonnes of aquaculture-bred mulloway.
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