Australian seaweed farmers aim to produce $100 million (US$66 million) worth of the product within years but complain regulations are holding them back.
Jo Kelly from the Australian Seaweed Industry concedes Australia will miss its 2025 production targets by a considerable margin.
The industry is valued at about $3 million.
Kelly told a recent aquaculture and agriculture conference there was still a lot of work to do.
“Based on what I know about lease areas that have been approved and companies raising capital, we’re still probably five years away,” she said.
The industry is still in its infancy so data is hard to come by, making it difficult to get a complete picture….