Nissui pointed out its decision to proceed with its investment in SFG was taken when it was satisfied that SFG's proposed new large-scale prawn farming project in Northern Territory of Australia, known as Project Sea Dragon (PSD), would obtain the necessary government approvals for the development. It is also of strategic significance for Nissui to secure a differentiated farmed prawn business base and products.
For his part, Seafarms chairman Ian Trahar has described the deal as a “comp...
Shrimp fishing and sale prohibited for two months Mozambique
Mozambique fishing authorities announced that the fishing and sale of shrimp caught in the waters of the country will be prohibited for two months, in order to allow the recovery of stocks and preserve the resource.