Australian black tiger shrimp farmer Seafarms Group has revised and raised its expected budget for its ambitious planned 150,000 metric ton capacity farm, Project Sea Dragon.

In its latest update, the company said that a variety of factors has led to it re-forecasting its cost estimate for the project to a range of AUD 370 million ($270m) to AUD 410m. This is nearly AUD 100m more than the original stage one projected cost of AUD 270m-AUD 290m made in June this year [...]