Can the Murray cod finally hook Australia an aquaculture giant?
It’s a fish that can be found on the menu of white tablecloth diners. But shrinking supply of premium species is a big opportunity for this ASX-listed company.
For a country that was built on the sheep’s back, it is passing strange that there aren’t any true agribusiness giants on the ASX. Treasury Wine Estates perhaps comes closest with its premium brand, Penfolds, although even that is increasingly produced in China and France.
There are plenty of contenders. The Australian Financial Review reported earlier this year that the billionaire behind medical imaging software business Pro Medicus had spent years buying up fish and oyster plays in the hope of recreating the success of the two big salmon producers – Huon Aquaculture and Tassal – once listed on the ASX and now in the hands of Brazil’s JBS and Canada’s Cooke Seafood respectively.
