Prawn farming in New Caledonia
Tuesday, 08 March 2011 16:10

Click here to download a very informative articl eon shrimp farming in New Caledonia

New Caledonia’s second largest export industry after nickel is prawn farming, which has been in existence for over 30 years. With its XPF 1.5 billion turnover in 2008, and 500-strong workforce, it is a significant source of employment and income for the territory’s rural population. After consistent growth up until 2005, the industry suffered considerable production and export setbacks following biological issues aggravated by a shortage of post-larvae. Although it has been in recession for several years now, it still has room for action as well as development potential in terms of production sites and farm expansion. Despite being heavily dependent on government subsidies, prawn farming has contributed to economic decentralisation and is one of the territory’s major development sectors.