Japan’s Nis­sui in prawn farm project

Fish Farmer - - News -

THE Ja­panese seafood gi­ant Nis­sui has bought a $25 mil­lion stake in the Australian fish farm­ing Sea­farms group (SFG) to help it de­velop one of the world’s largest prawn farms.

The Sea­farms group’s ex­ist­ing prawn farm­ing oper­a­tions are in the state of Queens­land and pro­duce more than one-third of to­tal do­mes­tic pro­duc­tion of farmed prawns in Aus­tralia, where, said Nis­sui, the re­quired en­vi­ron­men­tal stan­dards cre­ate high bar­ri­ers to en­try.

The $1.5 bil­lion Sea Dragon project will cre­ate 10,000 hectares of black tiger prawn ponds in Aus­tralia’s North­ern Ter­ri­tory.

‘Nis­sui de­cided to pro­ceed with its in­vest­ment in SFG when it was sat­is­fied that its pro­posed new large scale prawn farm­ing project in North­ern Ter­ri­tory of Aus­tralia, known as Project Sea Dragon, would ob­tain the nec­es­sary gov­ern­ment ap­provals for the devel­op­ment,’ the com­pany said in a state­ment.

‘It is also of strate­gic sig­nif­i­cance for Nis­sui to se­cure a dif­fer­en­ti­ated farmed prawn busi­ness base and prod­ucts.’

Through this eq­uity par­tic­i­pa­tion, Nis­sui said it will mar­ket the black tiger prawn prod­ucts from Project Sea Dragon ex­clu­sively in Ja­panese, Australian and New Zealand mar­kets, on top of po­ten­tial global dis­tri­bu­tion through the Nis­sui Global Links net­work.

Nis­sui Group, which also owns the Cais­tor Seafoods (formerly Sealord) fish pro­cess­ing op­er­a­tion near Grimsby in the UK, will dis­trib­ute in Japan and the Ocea­nia re­gion ap­prox­i­mately 2,000 tonnes a year of black tiger and other prawns sourced from SFG’s ex­ist­ing Queens­land prawn farm­ing oper­a­tions.

It added: ‘De­spite a de­clin­ing trend in the Ja­panese prawn mar­ket, ex­pan­sion in the United States, Europe and China sup­ports sub­stan­tial de­mand for farmed prawns due to its sta­ble qual­ity, quan­tity and price.’

Nis­sui said it pur­sues ‘so­phis­ti­ca­tion of aqua­cul­ture busi­ness’ as one of the ma­jor themes in its ma­rine prod­ucts busi­ness and has al­ready started a fea­si­bil­ity study of on­shore farm­ing of van­namei shrimp for eat­ing raw in Japan.

Above: Ex­pand­ing mar­ket for prawn prod­ucts

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