Trading house Mitsui & Co. is embarking on a venture that could eventually result in salmon trout being farmed across Asia in land-based tanks to meet soaring demand for the fish from lovers of sushi.
The project has important ramifications as cultivating the fish species in warm waters in Asia has proven very difficult, and Japan has had to rely on imports from faraway countries.
Mitsui expects to acquire an 80-per cent stake in a start-up company that has pioneered a seawater filtering system for fish farming.
The venture will cost Mitsui YEN 900 million (USD 8.03 million). Salmon cultivation operations are due to start in Chiba Prefecture next spring.
Mitsui anticipates that locally produced farmed salmon will be available for sale as early as 2019 and that 1,500 tons of the fish will be shipped in 2020.
Salmon trout is typically importe...