A seafood company has made a multi-million-dollar splash into the Northern Territory's commercial barramundi industry, buying more than 70 per cent of the NT's barramundi licences.Within 12 months, Wild Barra Fisheries has snapped up more than 70 per cent of the NT's barramundi licences
Wild Barra Fisheries is based in Western Australia and was only registered in May last year, but has quickly swooped on investment opportunities in the north. Now in control of eight barramundi licences, the company is the major stakeholder in a fishery that catches between 300 and 600 tonnes of fish annually depending on the season.
"And the fishery itself is in a healthy spot. Between the commercial and recreational sectors only about 4 per cent of the biomass of the fish is accessed, so ecologically it's quite strong."A significant investment "There is an opportunity to improve the practices and the reputation of the NT Barramundi Fishery, in a way that encourages community support and financial viability."
Barramundi is delicious.
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