King Salmon to close three farms in Pelorus Sound

King Salmon to close three farms in Pelorus Sound
King Salmon's future hinges on permission to farm fish in the cooler waters of Cook Strait. (Image: Getty)
Pattrick Smellie
High summer water temperatures are forcing New King Salmon to close three of its four fish farms in Pelorus Sound, although it hopes to reopen them as hatcheries in the future for a planned cooler water farm in Cook Strait.At its annual meeting in Picton, chaired by independent director Paul Steere in the absence of chair John Ryder, the company acknowledged its “bitter disappointment” at losing a quarter of last year's harvest because of a longer, hotter sequence of sea temperatures than expected.Warming sea temperatures in Pel...

More Primary Sector

Fonterra fattens margins when its farmers are getting squeezed
Finance

Fonterra fattens margins when its farmers are getting squeezed

The co-op released its quarter one results on Thursday.

Riley Kennedy 08 Dec 2023
Fonterra lifts payout, earning forecast
Finance

Fonterra lifts payout, earning forecast

The lift comes after the recent lift in global prices.

Riley Kennedy 07 Dec 2023
Weak China demand drags down NZ red meat exports
Primary Sector

Weak China demand drags down NZ red meat exports

Beef exports to China fell 41% to $67m in October.

Staff reporters 06 Dec 2023