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."