How are NZX fishing stocks faring?

Be the First to Comment Read

How are NZX fishing stocks faring?

New Zealand’s fisheries provide a significant source of food for cultural, recreational, and commercial purposes – and this value is carried over to the share market.

Let's look at how these 2 NZX-listed fishing stocks are faring.

*Sanford is an inshore and deepwater fisheries managing company. It is involved in the farming, harvesting, processing, and selling of seafood. Sanford was hit by the COVID-19 pandemic early due to its impact on the global food services and supply chain.

*New Zealand King Salmon is the biggest aquaculture producer of the premium King salmon species. The Group announced its financial results for the 6 months ended 31 July 2021.

*Keep in mind that the fishing and aquaculture industry is expected to widen its scope in the next 5 years with export demand likely to recover over the period once COVID-19 subsides

Disclaimer

Speak your Mind

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK