Fiji Time: 4:28 AM on Sunday 24 May

Fiji Times Logo

/ Front page / News

$500k from jellyfish

Luke Rawalai
Saturday, May 17, 2014

THE newly-established Natural Farm Seafood Limited at Muanidevo in Dreketi, Macuata, is expected to earn about half a million dollars from exporting jellyfish to Asian markets.

Speaking at the opening of the company's ice plant early this week, company owner Shin Ho Yu said they started collecting jellyfish from fishermen in the Bua and Macuata coastal areas for export.

Mr Yu said they aimed to export 0.5 million tonnes of jellyfish to Asia this year.

"Jellyfish is a delicacy for Asians and it is also used for making medicine even in the US," he said.

"To date, we have already exported 60 tonnes of jellyfish.

"We are also cultivating a prawn and shrimp farm in Dreketi, which are expected to produce a yield of 120 tonnes a year."

Mr Yu said shrimp and prawn would only be sold locally to meet the local demand.

"We have a demand of around 250 to 300 tonnes of prawn and shrimp annually and the company is willing to cater for them.

"This will also generate an estimated income of $8m for the company.

"We will also buy beche-de-mer and seaweed from locals in the Dreketi and Bua coastal area."





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Acts of will
  2. A-G files petition
  3. Proposed airport site leased out
  4. Truck tumbles, spills ice cream
  5. Bleak future
  6. Crusaders, Tahs face crucial clash
  7. Parliament passes Bill
  8. End of an era
  9. Land use concern
  10. Reds lose to Sharks as O'Connor howler spoils chances of comeback

Top Stories this Week

  1. USA wins London 7s Monday (18 May)
  2. Heroes of the night Friday (22 May)
  3. Dream run Tuesday (19 May)
  4. Champions Monday (18 May)
  5. Tuwai wins top award Tuesday (19 May)
  6. Payout for team Thursday (21 May)
  7. Top cop foils robbery attempt Friday (22 May)
  8. Ratu Naiqama suspended Friday (22 May)
  9. Behind closed doors Tuesday (19 May)
  10. Probe on officials Wednesday (20 May)