Aquaculture may be booming around the world, but not in Australia, which only produces $80 million worth of shrimp a year, a small amount by international standards. Queensland, the state on Australia’s northeast coast, produces 80 percent of the country’s farmed shrimp.
Shrimp farmer Nick Moore said Australian aquaculture—potentially worth billions of dollars—was being held back by over-regulation, claiming that the industry’s growth has been road-blocked for the past decade.
Last year, the Queensland Competition Authority put together a draft report that recommended changing some of the regulations that affected shrimp farming to create more growth and attract more investment, but the final report has not been released. Queensland Fisheries Minister Bill Byrne said the State Government would release the report in due course, although he could not give a date. He said, “I am an enthusiastic supporter of aquaculture, and as the Fisheries Minister, I want to support its development and expansion. …We want to ensure that we make the right decisions so that aquaculture can thrive and prosper in the future.”
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