Sanford calls for greater industry collaboration on fishing, processing to boost profitability

Wed, 16 Dec 2015

By Fiona Rotherham Dec. 16 (BusinessDesk) - Sanford, New Zealand’s biggest seafood company, is seeking further collaboration with other fishing industry players to help reduce their cost of business. Chairman Paul Norling told shareholders at the company’s annual meeting in Auckland that a 2013 European study estimated global fishing subsidies were worth more than $50 billion a year which has a major distortionary impact on fish stocks, sustainability, and company profitability. He said Sanford, which had just completed its inaugural y...

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