Southern Bluefin Tuna Aquaculture Subprogram: development of a strategic plan for the propagation of Southern Bluefin Tuna (SBT)
1. To maintain future growth of the SBT aquaculture industry.
Current SBT quota restrictions mean that the value of tuna production in Australia, despite high demand, is unlikely to rise above $300 million per annum. However, supplementing the wild and aquaculture stocks with hatchery produced juveniles will make a major contribution to increasing the potential for this industry to expand.
2. Enhancement of wild stocks.
Not only does it provide a useful management tool, the ability to enhance wild stocks also demonstrates to the international community Australia’s commitment to the ecologically sustainable development of SBT and fisheries in general.
3. Fostering international collaboration on fisheries research and development.
This project will create and enhance new and existing collaborative research, development and investor links between Australia and those countries with an interest in tuna propagation and stock enhancement.