Etablissement de Régulation des Prix Agricoles (ERPA)
This was a multi-year project to reorganize and drive greater efficiencies into the shrimp farming industry in New Caledonia. To achieve this goal, AquaSol enlisted a world class team of shrimp farming experts to perform an industry-wide audit of the New Caledonia shrimp farming industry. The audit investigated all hatcheries, farms, and feed manufacturers in New Caledonia. The audit identified critical problems areas responsible for high production costs and overall lack of competiveness in the New Caledonia shrimp farming sector. The national aquaculture audit ultimately led to recommendations geared to optimize overall performance and profitability of the sector.
In 2012, the project entered the industry reorganization phase and improvements valued in excess of US$ 25 million were implemented.