Development of octopus aquaculture
This project answers all the criteria for the development of a new species of aquaculture (according to FRDC strategic plan, namely:
1) Market driven. There is strong and increasing demand for octopus products, both in Australia and overseas. Demand far outstrips the supply.
2) Being driven by industry with significant existing investment. Fremantle Octopus has already invested over $2 million in R&D and is currently the biggest octopus fishing company in Australia. Occoculture has been specifically established to develop an octopus aquaculture facility and is in the process of raising private equity to assist in funding of the project. Both companies are an integral part of this project.
3) The cost of production will be less than the farm gate price. In the Mediterranean, raw octopus has been selling at up to AU$70/kg in the 2007/08 season. This compares with a current price of AU$11/kg for local stocks. A conservative cost analysis of production is $9/kg. On a value-added basis, wholesale sales in Australia can achieve $40/kg (retailing at $50 to $55/kg) with a 60% gross profit margin. In the European marketplaces, value-added products may achieve up to $100/kg, giving a gross profit margin of 82%.
4) The species is endemic to Australia and builds on an established high value wild caught market with high export potential.
5) There exists the planning framework and access to resources to allow for the timely and orderly development of the project. The two staged R&D plan (i.e. ranching optimization and hatchery techniques development) will ensure immediate implementation of the project outcomes.
Octopus aquaculture is gaining strong interest in SA and Victoria. It is envisaged that the technology developed through this project will be transferable to other ventures in these states.
Final report
Seafood CRC: increase sustainable use of crab fisheries resources by recovering revenue from crabs currently rejected at market
Population genomic assessment of Australian Blacklip Abalone for abalone viral ganglioneuritis (AVG) resistance
Bursaries to fund three South Australian Recreational Fishing community members to attend the National Recreational Fishing Conference 2019
Co-management is an arrangement whereby responsibilities and obligations for sustainable fisheries management are negotiated, shared and delegated at appropriate levels between government, recreational fishers, Aboriginal traditional fishers, the commercial fishing industry and other key stakeholders such as conservation groups (Neville 2008).
The Minister’s Recreational Fishing Advisory Council (MRFAC) was formed to improve dialogue and communication between recreational fishers and Government. The primary role of the MRFAC is to provide feedback and advice to government on recreational fishing development issues, initiatives and policies that impact the recreational fishing sector. The MRFAC strives to pursue opportunities to improve the co-management arrangements for the recreational fishery.
In 2010/11 an engagement project was undertaken by PIRSA to better understand what recreational fishing means to people and what future they want for their sector. Discussions generated consistent themes and issues of concern to recreational fishers, including sustainable fishing, ongoing access, funding and leadership, governance, education and promotion of the sector.
The outputs from this project identified opportunities for incorporating 'grass roots' input from the recreational sector into fisheries management processes in South Australia (Rowling et al. in prep) must include public consultation opportunities and participation in (1) technical working groups; (2) regional recreational committees; & (3) community forums.
This project aims to enhance these jurisdictional-based opportunities by increasing national-level capacity building opportunities for members of the South Australian community. In addition to the personal development aspect, the ability to create connections and links to the recreational community leaders from other states and territories will be invaluable to the future stewarding of the South Australian Recreational Fishing community.