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AUSTRALIA - Oct 29, 2002
Source: ABC Online

Reports highlight big growth for SA aquaculture


The South Australian Government says the state's already booming aquaculture industry could almost double in size during the next three years.

The Government has released two reports from the Seafood Industry Development Board which point to a projected 85 per cent increase in production by 2004.

The figures also bode well for wild-catch aquaculture ventures in the south-east.

State Fisheries Minister Paul Holloway says it is vital that South Australia capitalises on the growing demand for its seafood.

"We have had some very good success in the past in terms of the growth of the aquaculture industry," he said.

"It's really developed from an industry that was worth less than $1 million a year 10 years ago now to be worth somewhere in the vicinity of $300 million a year, so there's been very considerable growth.

"But to ensure that that growth continues we do need to look carefully at the prospects for the future and that's what these reports have done."

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