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

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news