Aquaculture now accounts for 40 per cent of Australian seafood production, and while Tasmania's salmon industry is booming, there is a new kid on the block.
Aquaculture seen as way of bolstering supply chain traceability standards to stop illegal fishing and seafood fraud.
The fish farmers on Lake Victoria, the second largest freshwater lake in the world, build cages and put them in the water. These cages hold the fish, which they then feed, much as you might fatten a chicken or a cow on land.
Australia's biggest barramundi farm is set to get even bigger, after securing a $24.2 million loan from the Northern Australia Infrastructure Facility (NAIF).
The Thai Union Group PCL and Corbion, a specialist in algae-based feed ingredients, have extended the use of AlgaPrime DHA, an omega-3 rich algae feed ingredient, in Thai Union shrimp feed following a successful large-scale trial in 2019