Market investigation of the impact of rock lobster aquaculture

Funding Activity

Website
https://www.frdc.com.au/project/2007-249

Funding Status
Closed

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Funded Activity Summary

The Department of Fisheries released a Scoping Paper in 2006 identifying management considerations for the allocation and growout of WRL puerulus for aquaculture. Public comments called for a study into the implications of this new industry on the markets of wild harvest product as significant concerns were raised that aquacultured product could have a significant impact on the wild caught lobster market.

These implications centre on the wild harvest industry having an established position within the global trading environment, which the aquaculture sector wishes to enter and an assessment of the financial effort being delivered to this aquaculture sector around the world is neeeded as there is no data currently available to our knowledge.

This project will endeavour to provide global statistics on the aquaculture lobster market to help quantify if aquacultured lobster may affect the value of product from the wild catch sector in Australia. The broader implications of this new sector may include the effects of product style, size and timing of delivery into the market.

Objectives:
1. Provide a clear indication of the current status of the WA WRL in the global market, identifying the factors that affect market price and market share.
2. Outline some potential future markets for aquaculture products in Australia and in other countries considering off season production and specific sizes.
3. Identify any marketing impacts that may result as a consequence of WA aquaculture product entering the market both generally and for the WA WRL industry
4. Identify potential market implications to WA’s WRL industry and regional economies if WA does not accept and support aquaculture of WRL

Funded Activity Details

Start Date: 30-09-2007

End Date: 01-07-2008

Funding Scheme: Funding Scheme not available

Funding Amount: $74,268.55

Funder: Fisheries Research and Development Corporation

Research Topics

ANZSRC Field of Research (FoR)

There are no FoR codes available for this funding activity

ANZSRC Socio-Economic Objective (SEO)

There are no SEO codes available for this funding activity

Other Keywords

Aquaculture | Consumer | Market opportunities | Supply & Demand

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