I am fully committed to supporting and facilitating the diversification and sustainable expansion of the Irish aquaculture industry into a range of new species. Such developments reflect the global trend in aquaculture where production technology and research and development into new species is developing at a rapid rate, notably in Norway but also in Scotland, Spain and the Far East as well as North America.
In the Irish context, the pilot development of new high value finfish species such as halibut and turbot will facilitate diversification, supplement salmon farming and will have significant export potential when commercialised production comes onstream. The world market for quality seafood is continuing to expand, and with the continued downward pressure on fish stocks it is clear that aquaculture production will continue to grow to meet the international and EU seafood deficit.
The pioneering trials into halibut and turbot at Oilean Chléire by the co-operative and Údarás na Gaeltachta have demonstrated the technical feasibility of production in Irish conditions. This is in spite of the fish health problems experienced last year which all concerned have been working to overcome and move beyond.
The next step is to assess the economic feasibility of production on a commercial scale, taking account of developments in Scotland and Norway. My Department is working with Údarás na Gaeltachta, BIM, the Marine Institute and the industry itself in pursuing the necessary development, investment and scientific strategies to progress these initiatives. In addition to halibut and turbot I can also confirm that work is ongoing into commercialising production of abalone, sea urchins and eels, where the technical challenges inherent in ongrowing such species are considerable but are being overcome.
I understand that techniques for farming cod are being actively developed in Norway and Scotland although as yet there have been no initiatives in this regard in Ireland. I have no doubt that the technical challenges of breeding cod and a range of other demersal species will be overcome in Ireland and elsewhere. However, my initial judgment is that the economics of cod cultivation remain dubious at this stage although the ongoing depletion of cod stocks world-wide is a regrettable reality. The decline of wild fish stocks must continue to be addressed in its own right through fishery conservation and management strategies. In the longer term cultivation of these species may well contribute to reducing the pressure on wild stocks which would be a welcome by-product of continuing technical advances in aquaculture development.