Yes it is a setback. But NZKS has no chance of growing in the future in the Sounds. It has been obvious for some years. They need to get going with moving into Cook Straits (or move their whole operation elsewhere) if they want to grow
There will no doubt be a heavy handed reaction by Chinese officials - they'll ban foreign seafood and especially anything fresh/live, from everywhere, not just those sources.
It's more blaming foreigners for spreading the virus - more likely to have come from someone cutting the salmon.
New Zealand King Salmon has temporarily suspended exports toChina after salmon products from around the world were removed from Chinesesupermarket shelves and restaurant menus following an investigation into acovid-19 case in a Beijing market. According to news reports, a new cluster of coronavirusinfections in Beijing last weekend was linked to a chopping board used to sliceimported salmon at a produce market in the city. In the five days through June16, Beijing reported 137 domestically transmitted cases, most of which wererelated to the now-closed Xinfandi wholesale market, Xinhua reported. Read the full story at BusinessDesk — subscribe now Read on »
China closing is not an issue for them. Their product demand is very high they have a really differentiated product.
their big issue is ramping up supply and they’ve been all over the place with it. Seems risky as an investor with only the trials in cook straight to pin your hopes on. They need to really look at ways they can consistently increase tonnage of salmon over a longer timeframe.
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Originally Posted by Timesurfer
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