Australian yellowtail farmer Clean Seas Seafood has reduced its biomass, a downsizing exercise expected to save the company AUD 11 million (€6.7 million/$7.3 million) in feed costs over the next 14 months.

The biggest yellowtail kingfish producer outside of Japan, Clean Seas completed an AUD 9.5 million (€5.7 million/$6.2 million) share placement in November in order to fund the shrinkage.

Biomass reduction was completed through an accelerated harvest and sale of around 550 metric tons into the fish protein market.