Sustainability of the Fish Market in Australia

Running Head: Australian Environmental Future
Australian Environmental Future
Sustainability of the Fish Market

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Australian Environmental Future
People in Australia love seafood. They tend to eat seafood more and more every year. This
actually can be considered as a good thing as fishes are healthy and also a very high resource of
protein & some fatty acids. They are also suggested in every kind of healthy diet. Australia
comes under the third largest exclusive economic zone that usually extends until 200 marine
miles out from coast of Australia. The assets in terms of fisheries in the Australian waters are
reserved exclusively in the fishing fleets. Though, the Australian waters are not very much
productive as per the world’s standards. Not like other countries, Australia does not have the
large shores sufficient runoff from the landmass for providing nutrients which naturally supports
the bigger fish stocks. Australia covers the larger area than the mainland in the fisheries. There
are multiple nations that are capable of the more productivity in the fishing grounds that enable
large volumes which are to be harvested. There are some of the producers who have inferior
ecological values if contrasted with Australia in which there exist higher succumbs. Though, if
the fishing is not done in a way that is comes sustainable in terms of ecosystems, the catch
compositions might differ, the catches of most of the stores will turn down, the species could
become endangered and the profits from the fishing can also fall. This essay would discuss the
sustainability of the fish markets with the positive and negative aspects of it. Also the design and
the implementation of the decision making process in terms of the sustainability would be
discussed.
The production of the Australian wild capture is increasing in production by firm management
preparations put in one place for maintaining the stocks in fish at the maintainable levels. The
quantity of production in the wild confine fisheries have been stable since past 5 years & this
manufacture is not forecasted in terms of the increment yet there is also the chance of growth in
few of the fisheries in case of the cost of fishing fall or fish prices rises up. The aquaculture in
Australia is increasing with respect to the volume. This growth is majorly due to the important
rise up in production of Salmon. With respect to the wild fisheries, the strength of Australia in
the aquaculture is producing high quality sea foods like southern tune, oysters and salmon. The
actual value of Australian aquaculture production has been increasing by 31% since 2004 to
2005 and then in 2012 to 2013. They have risen up by 1 billion dollars. The reason of this
increase is due to the expansion of Salmon production. This manufacture has also been the key
achievement story in a decade. The farmed Salmons have now days become the most valuable
fisheries product in Australian in 2012-2013 which is worth 478 million dollars in actual terms.

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Australian Environmental Future
The Aqua culture operators in Australia which operates in public waters or discharged in public
waters is needed to obey with the strict ecological reins checked on the continuing basis by the
agencies. There should be firm food standards applied to aquaculture and the wild capture
foodstuffs. These standards of environment & safety of food will make sure that the fish that is
developed in Australian waters are secure in terms of eating and the manufacture of the sea food
do not negatively impact aquatic environments (Lane & Stephenson, 1998).
The Sydney fish market is also known as SFM in short. It is committed in ensuring a sustainable
seafood supply for upcoming generations so that the Australian government supply and motivate
responsible fishing practices, environmental framing practices and responsible fisheries
management based on tough and sound science. Due to this commitment, the ongoing viability
of the industry of seafood in Australia helps in bearing the supply chain, from the purchase quota
for less utilized species and then giving it back to the local fishers for implementation of
sourcing principles (SFM, 2018). Such type of activities are backed up by the healthy up and
down chain traceability, for supporting certain sustainability and resource management and to
assist in the eliminating the illegal fishing activities. The SFM supports the fishing practices that
reduce the effects and the unwanted bycatch and it also engage with the stakeholders and the
environmental non government firms for developing a common and basic understating of the
problems the industry faces. In addition to this, the Sydney fish market work with the peak body
organization that do all the researches for giving a voice to the commercial fishing sector on
various significant issues and for keeping the public informed on the facts and the myths that
exists for seafood and its sustainability and also for helping the fisheries of Australia to remain
the best across the world (Conversation, 2013).
There are some of the positive aspects of the sustainability of the Australian fish market. They
are as follows:
Innovation and the continuous Improvement: In the Australian fish market, the leader of the
market, SFM (Sydney Fish Market) commits to the innovations and a continuous improvement
in the processes and policies all over of the business aspects. It manages the international food
safety management systems standards and also it is known to be the first company which is
accredited to the Australian Seafood standard.