Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Mussel Programme to Revolutionise Aquaculture

Mussel Programme to Revolutionise Aquaculture

The Government is supporting a $26 million initiative that seeks to boost aquaculture by domesticating the New Zealand Greenshell Mussel.

SPATnz is a venture led by Sanford which has received a commitment of up to $13 million from the Government’s Primary Growth Partnership Fund for a seven-year project.

Formal contracts have just been signed, following development of a business plan.

The farmed mussel industry is currently reliant on wild-caught spat, which varies in quality attributes. This research will identify genetics that will meet market requirements and enable selective breeding, in the same way as has occurred in other primary production industries such as kiwifruit and dairy.

MPI Deputy Director-General Dan Bolger says adding value to products in this manner is a key theme of the Primary Growth Partnership Fund. “This is also an exciting development in collaboration between the primary sector and New Zealand’s science community.”

Sanford managing director Eric Barratt said Sanford has made a significant commercial investment in the mussel industry over the past few years and this new programme will ensure and improve the sustainability of the mussel business.

“This programme will create a step change for aquaculture. If successful this Primary Growth Partnership programme would achieve the biggest single development in aquaculture in nearly 40 years.”

END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news