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Yellowtail kingfish tail. (Photo Credit: Clean Seas)

Clean Seas reveals new strategy regarding fish production

Click on the flag for more information about Australia AUSTRALIA
Friday, September 13, 2013, 23:50 (GMT + 9)

A brand new report released by Clean Seas reveals that as bluefin tuna production has not been advancing as expected, the company has refocused the business as a premium producer of yellowtail kingfish for world markets.

In an official statement the firm said that: "The yellowtail kingfish business was introduced to prepare the company for the production of tuna juveniles, and it has achieved an excellent market for high quality yellowtail kingfish in the seafood industry, both domestically and globally."

The report states that the company has succeeded in positioning this product at the top end of desirable fish in sashimi restaurants and quality seafood restaurants with strong demand worldwide, particularly in Australia, Europe and Asia.

"Prices and demand have strengthened as the product is recognised for its quality and reliability," the report reads.

The company was confident it could build important farming and fresh fish sales with yellowtail kingfish production at the basis of the strategy business destined for the international, mainly the Australian market. This is thanks to recent progress the firm has made in terms of solving an imbalance in the species feed composition, which had a negative impact on its health, growth rates and mortality.

Clean Seas also highlighted the fact that they had received important financial support to carry on with its bluefin tuna research.

"We have secured a research subsidy for retaining our tuna broodstock and we will continue to undertake discrete research projects that will advance our knowledge in supporting the survival of our tuna fingerlings as they meet the challenge of marine grow-out."

The firm's Board intends the target to be profitable by 2015 through the rebuilding of the yellowtail kingfish business to 1,100-1,500 tonnes. Once profitability is achieved, it will consider expanding the business to 3,000 tonnes of production and sales.

The company expects to see further improvements in operational results through an important decrease in operational costs in several areas, an increased gain of biomass through extra fingerlings in the sea pens as well as lower fish losses and better growth performance than in previous years.

The improved net farm gate prices have increased from AUD 12.67 (USD 11.74) per kg in 2012 to AUD 14.00 (USD 12.9) per kilo at present year-on-year.

Related articles:

- Clean Seas Tuna hopes kingfish business will sustain it
-
Clean seas incurs losses from kingfish

By Gabriela Raffaele
[email protected]
www.fis.com


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