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

 

Industry Report: Growing Interactive Sector Wants Screen Grants

Introducing a coordinated plan that invests in emerging talent and allows interactive media to access existing screen industry programmes would create hundreds of hi-tech and creative industry jobs. More>>

ALSO:

Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>

ALSO:

Royal Society: Calls For Overhaul Of Gene-Technology Regulations

An expert panel considering the implications of new technologies that allow much more controlled and precise ‘editing’ of genes, has concluded it’s time for an overhaul of the regulations and that there’s an urgent need for wide discussion and debate about gene editing... More>>

ALSO:

Retail: Card Spending Dips In July

Seasonally-adjusted electronic card spending dipped in July by 0.1 percent after being flat in June, according to Stats NZ. Economists had expected a 0.5 percent lift, according to the median in a Bloomberg poll. More>>

ALSO:

Product Stewardship: Govt Takes More Action To Reduce Waste

The Government is proposing a new way to deal with environmentally harmful products before they become waste, including plastic packing and bottles, as part of a wider plan to reduce the amount of rubbish ending up in landfills. More>>

ALSO:

Earnings Update: Fonterra Sees Up To $675m Loss On Writedowns

“While the Co-op’s FY19 underlying earnings range is within the current guidance of 10-15 cents per share, when you take into consideration these likely write-downs, we expect to make a reported loss of $590-675 million this year, which is a 37 to 42 cent loss per share." More>>

ALSO: