What’s Wrong in Wonga

Aquaculture is the fastest growing sector in world food production. Since 1970 global aquaculture production has increased by 1200% with an average compound growth of over 9 % per annum. Australia, with some 60,000 km of mostly uninhabited coastline well suited for aquaculture, a benign climate and unpolluted waters, clearly has vast potential yet development of the industry has been weak. Globally aquaculture production now equals some 60% of wild caught fisheries. In Australia it is only 16% and the wild caught fisheries themselves are extremely low compared to other nations.