Territory Stories

Budget Paper 1994-95 No.6 Northern Territory Economy



Budget Paper 1994-95 No.6 Northern Territory Economy

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Tabled Paper 2156


Tabled Papers for 6th Assembly 1990 - 1994; Tabled Papers; ParliamentNT




Tabled by Barry Coulter


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.




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Rural Industries and Fisheries progressive opening-up o f around 440 000 hectares and enable development o f 40 to 50 new properties, with anticipated production initially o f $24 million annually rising to $88 million in the long-term. Fishing The Northern Territory fishing industry comprises commercial, recreational and traditional fishing, pearling and a developing aquaculture industry, focussing on prawns, barramundi, mud crabs and golden snapper. Continued emphasis is being accorded the ongoing management o f all aquatic resources and by the end o f 1994 all major fisheries will have been placed under formal management plans. Production by the Territorys commercial fishing industry was valued at $101 million in 1993. O f this, wild stock prawns and pearl farming accounted for 92% (or $93 million). Prices were buoyant for most o f the important prawn species during 1993, with the value o f production during 1993 increasing by 41% due to both higher prices and volumes. Figure 10.4 $ million 100 1986 Northern Territory Fishing Production 1987 1988 1989 1990 1991 1992* 1993* Source: Dept, of Primary Industry and Fisheries * From 1992, Othei* includes pearl production. Prawns have been valued on the basis of catch and not landings as in previous years. 61

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