Aquaculture

NZ King Salmon float aims to raise between $76-82 million

 [22 September/ National Business Review] First NZ Capital and Macquarie have confirmed that the indicative price range for New Zealand King Salmon’s initial public offering would be between $1.10 and $1.20. The range was between 7.75 and 8.32 times the company’s earnings before interest, tax, depreciation and amortisation for the year ending June 2017. Eligible...

Salmon producers combine operations

 [13 September/ Otago Daily Times] Mount Cook Alpine Salmon (MCAS) has announced the purchase of Aoraki Smokehouse Salmon. Both companies operate salmon farms in hydro canals in the Mackenzie district, with MCAS producing just over 1,000 tonnes a year and Aoraki producing just under 600 tonnes a year. Mount Cook Alpine Salmon Chief Executive, David...

Community, industry involvement needed for Marlborough aquaculture review

[7 September/ Business Day: NZ Farmer] Marlborough District Council Mayor, Alistair Sowman said the Government may be required to step in if Marlborough marine farmers and community groups did not cooperate with the council to review aquaculture policies. Environment Committee Deputy Chairman, David Oddie said the initial deadline for the new aquaculture regulations was Christmas,...

Salmon set to make share market return

 [30 August/ NZ Herald] New Zealand King Salmon has announced plans to raise up to $200 million through an initial public offer and listing on the NZX and ASZ by late October. Proceeds from the offer would be used to repay debt, fund future investment and working capital, and to enable its second biggest investor...

Golden Bay’s Wainui Bay residents and spat farmers at odds over plan change

[24 August/ Business Day: NZ Farmer] The Wainui Bay Spat Catching Group is looking for certainty around the future of their industry and have asked for a plan change to ensure mussel spat catching and holding could continue in Wainui Bay once the current plan period ended in 2024. Representatives from the Wainui Bay Spat...

Residents ‘devastated’ as finfish facility approved for Okiwi Bay

 [11 July/ Business Day: NZ Farmer] The Marlborough District Council has given seafood company, Skretting, approval to construct a finfish research facility. The Marlborough District Council had received 219 submissions in relation to the application, of which 10 were in support and 209 were opposed. Okiwi Bay Resident, Paula Holder said she was devastated by...

Kaikoura crayfish farmer Vince Scully makes hatchery using recycled materials

 [6 July/ Business Day: NZ Farmer] Freshwater Crayfish Farmer, Vince Scully has added to the potential of his business by making a hatchery from scratch using recycled material wherever possible. The hatchery would shorten the winter incubation period by keeping the water at a warm 20 degrees Celsius, allowing the babies to be released into...

Marlborough marine farmers won’t pay coastal occupancy charges until ‘cloud of uncertainty’ is lifted over industry

[27 June/ Business Day: NZ Farmer] Marine Farming Association President, Rob Pooley said marine farmers would refuse to pay new coastal occupancy charges until the Marlborough District Council provided more certainty around their ongoing consenting process. Mr Pooley explained that if marine farmers had certainty of tenure they would pay the annual fee as long...

Controversial Okiwi Bay fish farm gets backing from NMIT students

[Business Day/ 13 June] A group of students at the Nelson Marlborough Institute of Technology have started an online petition in support of the fish farm proposed by Skretting, the international fish food company, in Okiwi Bay.  The proposal has drawn a lot of opposition from local residents, the students believe that there has been...

Golden Harvest pulls carp farm application

[12 April/ Radio NZ Rural] Golden Harvest Aquaculture have withdrawn their application for a carp farm of 20 large ponds near Lake Taupo. Conservation Minister, Maggie Barry said Golden Harvest Aquaculture had not consulted the local community, iwi and anglers in the region. Ms Barry added that there had been considerable public opposition to the...

More trout tourism as tourists find out about Rangitikei

 [14 January/ Business Day: NZ Farmer] The lower New Zealand dollar is attracting anglers from the United States, Australia and Britain to the trout pools of Manawatu and Rangitikei rivers. Fish and Game Wellington Manager, Phil Teal said trout tourism was growing, with people taking advantage of many back country opportunities. Mr Teal added that...

Chinese customer sales booming for Mackenzie salmon farms

[6 January/ Business Day: NZ Farmer] High Country Salmon Business Manager, Rae Coburn said Mackenzie salmon farms are directly benefitting from the increase in Chinese tourists being generated by the direct flights between China and Christchurch. Ms Coburn said the region has begun targeting the Chinese tourist market, by adapting core products to accommodate Chinese...

Marlborough Mussel farms can co-exist with recreational fishing, says farmer

[4 December/ Business Day: NZ Farmer] Marine Farming Association Vice President, Jonathan Large believed that a new relationship between the Marlborough mussel farm industry and recreational fishers needed to be developed. Mr Large said that the view that mussel farms impact fish stocks needed to be changed and added that in the Coromandel, recreational fishers...

Cawthron and Sanford team up in $1m mussel research to prove benefits

[2 December/ Business Day] The Cawthron Institute and Sanford are to work together to examine the health benefits of greenshell mussels. The research will help the industry develop products of appeal to the emerging market of wealthy, ageing, health-conscious consumers, predominantly in China. The research project, which will receive government funding of $1 million over...

Koura farms in forests a win-win

 [30 November/ Otago Daily Times] Forestry company, Ernslaw One’s decision to farm koura in its forests has been labelled as a win-win, as it is using unproductive land to produce a good, natural product. The company has been utilising fire ponds in its forests to farm the koura, creating an additional revenue stream for the...

Taiwan resists GM salmon, NZ not interested

[24 November/ National Business Review] Taiwan has said it will not be allowing imports of genetically modified salmon from the United States, unless it’s inspected, licensed and labelled. The United States Food and Drug Administration approved the salmon on grounds it’s not nutritionally different from conventionally farmed salmon and has no food safety issues. New...

Fishermen question marine park proposal

[12 November/ Business Day: NZ Farmer] Environmental Minister, Nick Smith said a discussion paper is to be released within the next week outlining a proposal for recreational marine parks in the Marlborough Sounds and Hauraki Gulf.  The plan would exclude commercial fin fishing from the areas, however commercial fishers could continue to have marine farms....

Aquaculture report confirms value to Marlborough

[10 November/ Radio NZ Rural] A new report from the New Zealand Institute of Economic Research (NZIER) highlights that aquaculture generates close to 6% of Marlborough’s $2.8 billion annual GDP and employs 4% of the district’s total labour force.  The industry generated $276 million in export sales value (around 62% of New Zealand’s total aquaculture...

Mussel farm game changer for BOP – Joyce

[30 October/ Radio NZ Rural] Plans to build a 3800ha mussel farm off the Eastern Bay of Plenty could be a “game-changer” says Economic Development Minister Steven Joyce.  The government has committed up to $3 million to investigate the validity of the project and potentially could invest up to $20million.  In return, the marine farm...

High salmon deaths in the Marlborough Sounds

[23 October/ Radio New Zealand Rural] The Ministry for Primary Industries (MPI) is investigating high death rates of salmon in the Marlborough Sounds.  MPI believes the deaths are linked to two types of bacteria not before found in New Zealand but the response manager, Chris Rodwell, also said the deaths could be linked to higher...

Mussel farmers enjoying a great harvest

[20 October/ Business Day: NZ Farmer] Clearwater Mussels Managing Director, John Young said the current harvest is shaping up to be one of the best in many years. Mr Young said mussel farms in the Marlborough Sounds are now producing more than 40 tonnes per hectare of water space, up from a 30 tonne average....

Marlborough mussels used in fight against arthritis

[15 October/ Business Day] According to a Queensland University study, mussel powder is more effective in treating joint pain than glucosamine. The study, funded by Christchurch-based manufacturer Aroma New Zealand, sourced 95 percent of its mussels from the Marlborough Sounds. Five to 10 percent of mussels in the region are used to make the powder....

Mussel farms in the mix for SI Farmer of Year

[13 October/ Business Day: NZ Farmer] Clearwater Mussels has been selected as one of four finalists in the Lincoln University Foundation South Island Farmer of the Year competition. The company produces greenshell mussels and processes a range of food and pharmaceutical products. It is the first time an aquaculture operation has been selected as a...

New programme brings credibility to NZ marine farmers

[17 September/ Business Day: NZ Farmer] A new programme designed to bring transparency and integrity to the aquaculture industry in New Zealand has been launched. The programme, named A+, will act as a performance measurer allowing marine farmers monitor their farm’s performances and log it into an online portal. The information will give a clearer...