ONE of the Northern Division's most prominent businessmen is planning to hit overseas markets with his soon-to-be opened eel farming business.
The owner of the Siberia Halal Meat, Abdul Hamid, said during a Ministry of Agriculture organised farmers consultation in Labasa yesterday that he planned to embark on such a business.
"Apart from just operating a poultry business, I have also decided to venture into eel farming," he said.
"An Australian expert advised me to do this farming.
"As part of the plan, I will construct a pond near my poultry farm to breed the eels.
"The waste materials from my slaughterhouse will be used to feed the eels.
"This is a lucrative business and a lot of people like this meat, especially the Asians. Right now, one kilogram of eel costs $20."