King Salmon invests as climate change heats fish farms

Wed, 28 Aug 2019

By Pattrick Smellie Aug. 29 (BusinessDesk) - Rising summer sea temperatures are forcing New Zealand King Salmon to invest in new techniques to reduce farmed fish deaths that are holding back profitability even as demand for its products surges. The aquaculture operator reported the average price per kilogram for its salmon across domestic and export markets was up 9.6 percent in the year to June 30, driving an 8 percent increase in total revenue to $172.6 million. That was in spite of a 1 percent fall in the total harvest for the year ...

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