Prospects for Australian emerging industries
Emerging industries play an important role in the Australian agricultural landscape, contributing to the national economy and helping meet changing global demand. This prospectus is...
Published: 7 Jun 2022
Author(s): Jo-Anne Ruscoe, Mark Oliver
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Murray cod (Maccullochella peelii) is a freshwater fish native only to Australia. Aquaculture production occurs in four states, spanning a large geographic profile from southern Queensland down to Victoria, and across to South Australia.
In 2019-20, production of Murray cod was estimated at 516 tonnes, with an estimated industry value of $9.2 million/annum. New South Wales accounts for more than 80% of Australian Murray cod production, with the largest producer responsible for more than 30% of the total production in Australia. All Murray cod sold within Australia are sold fresh chilled, with some value adding, although some live product does enter the market.
The development of an Australian Murray Cod Strategic RD&E Plan is an essential first step in growing this emerging industry. This Plan identifies five strategic goals that if supported by the industry will help the sector exceed $25 million gross value of product (GVP) by 2027. The goals include building industry capacity, securing Murray cod’s reputation as a highly valued and responsibly produced premium product, improving productivity, addressing barriers to sustainable growth and growing markets.
This Australian Murray Cod Strategic RD&E Plan is the result of extensive desktop research and stakeholder consultation across the industry, and pulls together specific recommendations for future investment to support the long-term growth and competitive advantage of the industry.