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AUSTRALIA - Hong Kong investor buys axed Qld government fish breeding project and picks up the profits

A Cairns hatchery and nursery, now named Tropical Finfish, will turn out a record 1 million grouper this year, and has the capacity to double that.

As well as exporting fingerlings to Asia, groper or grouper is being trialled by prawn farmers in South-East Queensland who had their businesses devastated by the outbreak of white spot disease 18 months ago.

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