Nissui pointed out its decision to proceed with its investment in SFG was taken when it was satisfied that SFG's proposed new large-scale prawn farming project in Northern Territory of Australia, known as Project Sea Dragon (PSD), would obtain the necessary government approvals for the development. It is also of strategic significance for Nissui to secure a differentiated farmed prawn business base and products.
For his part, Seafarms chairman Ian Trahar has described the deal as a “comp...
New catch limits set for 32 fish stocks New Zealand
The commercial tarakihi (Nemadactylus macropterus) catch in the fisheries areas off the east coast of the North and South Islands is to be reduced by 20 per cent in an effort to rebuild the depleted stock.