FTA between Australia and the UK will offer the UK more seafood possibilities.
More consumers in the UK will have access to Australia’s finest seafood thanks to the Australia-UK Free Trade Agreement (FTA), including our distinctive, premium, wild-caught brands of Glacier 51 Toothfish, Skull Island tiger prawns, and Karumba banana prawns.
Austral Fisheries is responsible for seventy-one percent of the toothfish business in Australia and is a steward of the ocean and the ecosystem. Additionally, it makes up 30% of Australia’s largest prawn fishery, the Northern Prawn Fishery (NPF).
We at Austral Fisheries are happy about the tariff decrease that the FTA would bring about. This will enable us to satisfy the UK’s long-standing demand for premium seafood with value additions.
Over the past few years, Austral Fisheries has received numerous requests for supply of our MSC-certified seafood from seafood importers and wholesalers located in the UK; nevertheless, Austral has only shipped modest amounts of seafood thus far. That will soon change, though, with the historic signing of the Australia-UK Free Trade Agreement.
Glacier 51 Toothfish is a premium white fish that resembles wagyu.
The toothfish with the Glacier 51 brand, also called the Patagonian Toothfish, Chilean Seabass, or Mero, is captured in sub-Antarctic waters 4,000 kilometers south of the Australian mainland, beneath the southernmost point of Heard Island, one of the world’s most inhospitable islands, in cold temperatures between 1 and 5 degrees Celsius.
The glacier on Heard Island, which our Austral skippers use as a landmark to lay their fishing lines, is referenced in the name “Glacier 51.” A bottom longline is used to capture the toothfish in the wild. Fish that is caught in the wild is a naturally replenishing supply of high-quality protein.
Because of its high fat and Omega 3 content, Glacier 51 Toothfish works well in both dry and moist heat preparations. Its flesh can be used to create a wide variety of flavor combinations, making it suitable for a wide range of culinary styles.
This white fish, with its wagyu-like qualities, snow-white flesh, and broad scalloping flakes with a clean, sweet flavor, is a favorite in some of the best restaurants in the world. At Austral, we’re thrilled to introduce this distinctive product to the larger UK retail and hospitality sectors and provide UK customers with additional options for premium, sustainably sourced seafood.
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In order to track fish from the time it is caught until it is consumed, Austral Fisheries has created a cutting-edge open supply chain platform. The World Wildlife Fund and Boston Consulting Group helped us accomplish this.
The OpenSC platform is the most recent step in Austral Fisheries’ sustainability journey, and it is powered by blockchain technology. Customers can use their phone to scan a QR code to follow the product’s supply chain. A suitable product shows details on where it came from, how it traveled through the supply chain, and the safeguards put in place to make sure it is sustainable.
In keeping with that commitment to sustainability, we were the first seafood company in the world to receive a carbon neutrality certification in 2016. The company offsets emissions by planting more than 220,000 trees per year in the Yarra Yarra Biodiversity Corridor, approximately four hours north of Perth, Western Australia.
Given that the UK is ranked first in the world for using the Marine Stewardship Council logo, we think that Austral Fisheries’ high-quality products, which are produced with environmental care and according to a managed quota system, will truly add value to both the UK and international markets. All of Austral Fisheries’ premium, wild-caught brands of Karumba Banana Prawns, Skull Island Tiger Prawns, and Glacier 51 Toothfish have this big blue tick.To read more about the Australia-UK FTA and its impact on what UK consumers will be eating, watch out for the future edition of New Food.