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The gross value of aquaculture production in Australia continued to rise in 2007–08 by $62.7 million to $868 million. [5] In 2008 the Aquaculture industry directly employed more than 7000 people and indirectly contributed 20,000 and was the fastest-growing primary industry in Australia. [6]
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Seafood in Australia comes from local and international commercial fisheries, aquaculture and recreational anglers. [1] It is an economically important sector, and along with agriculture and forestry contributed $24,744 million to Australia's GDP in year 2007–2008, out of a total GDP of $1,084,146 million.
An Aquaculture Advisory Council composed of various industry, government and external stakeholders was formed to inform the process. Aquaculture zones for prescribed use have been established across the state's waters. Companies apply to the South Australian government to lease an area of water within these zones to grow certain permitted species.
For its land-size, Australia has a low diversity of native freshwater fish with only 281 described species. [1] This is largely because Australia is a very dry continent with sporadic rainfall and large areas of desert. There is a higher diversity of salt water fish. The most common freshwater fish are: Murray cod; Australian bass; Other ...
Australia is the world's largest producer of wool. [48] The Australian wool industry was worth $3.6 billion in 2022. [49] The total number of sheep is estimated to be 75 million. [48] In the late 1980s, the sheep flock was 180 million. [50] Only 5% of Australia's wool clip is processed onshore. [49]
Tassal is a Tasmanian-based Australian salmon farming company founded in 1986. It was listed on the Australian Securities Exchange (ASX) from 2003 until 2022. Tassal is the largest producer of Tasmanian grown Atlantic salmon, supplying salmon to both domestic and international markets.
Aquaculture involves cultivating freshwater, brackish water, and saltwater populations under controlled or semi-natural conditions and can be contrasted with commercial fishing, which is the harvesting of wild fish. [2] Aquaculture is also a practice used for restoring and rehabilitating marine and freshwater ecosystems.