Despite challenges "there is substantial room for growth" in the Australian salmon industry BioMar CEO Carlos Diaz told IntraFish at Thrusday's virtual launch of the feed giant's new €40 million ($43.2 million) production facility in Tasmania.

The country's salmon farming production is small compared to the world's leading producers and it has suffered significant climate-related challenges in the last couple of years, as water temperatures rise and impact salmon health.