Into the Blue A Draft Aquaculture Development Plan for the Northern Territory 1999-2004
Tabled paper 760
Tabled Papers for 8th Assembly 1997 - 2001; Tabled Papers; ParliamentNT
Tabled by Michael Palmer
Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.
The relatively small size of the industry has meant that local support services and infrastructure development specific to the industry have been limited to date (with the exception of the pearl oyster aquaculture sector). With a relatively small investor base in the Northern Territory, the growth of the aquaculture industry has been dependent upon finance from inter-state and overseas to a significant degree. The cost of power has been identified as a potential constraint on development of land based aquaculture enterprises, however local advantages of an ideal tropical climate and the relatively low, cost of land offset this to a degree. Endemic Species with Aquaculture Potential Crocodile is one indigenous species that is already being farmed successfully in the Northern Territory. There may be prospects for other reptiles to be farmed eg fresh and saltwater turtles and snakes. Other local species which have potential for development include mud crabs, golden snapper, edible oysters, tropical abalone, tropical rock lobster and a wide range of high value tropical fish. De m a n d a n d Su p p l y P r o je c t io n s Demand for seafood in the Asian markets in particular will continue to increase, particularly mainland China. Projected increases in demand for seafood in the next millennium can only be met from aquaculture development as worldwide wild fisheries are already at their maximum yield according to available statistics. The Northern Territory is ideally situated to specialise in tropical aquaculture production to meet the needs of Asia and other international markets, capitalising on premium environmental factors and Australias clean green image for primary products. \ Niche opportunities in aquaculture which have been identified for the Northern Territory industry include export of broodstock and hatchlings; export of educational and expertise based services in tropical aquaculture and farming for the live fish trade. Draft as o f 23111198 6
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