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NZKS Secures Government Partnership to Propel Salmon Farming Innovation

Story Highlights
  • NZKS partners with the NZ Government to launch a $29 million ‘Future Farming’ programme.
  • The initiative aims to advance sustainable salmon farming and bolster industry growth in New Zealand.
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NZKS Secures Government Partnership to Propel Salmon Farming Innovation

The latest announcement is out from New Zealand King Salmon Investments Ltd. ( (AU:NZK) ).

New Zealand King Salmon Investments Ltd (NZKS) has partnered with the New Zealand Government to launch the ‘Future Farming’ programme, a five-year initiative under the Sustainable Food and Fibre Futures fund. With a total expected value of $29 million, including up to $11.7 million from the government, the programme aims to advance sustainable salmon farming in New Zealand, particularly in open ocean environments. This initiative is expected to bolster industry growth, enhance investor confidence, and contribute to the country’s aquaculture sector by deploying new technologies and breeding strategies. The programme’s success could unlock significant growth and support the industry’s long-term viability amid climate challenges.

More about New Zealand King Salmon Investments Ltd.

New Zealand King Salmon Investments Ltd (NZKS) operates in the aquaculture industry, focusing on the farming and production of King salmon. The company is committed to sustainable practices and is exploring innovative technologies to enhance its operations, particularly in open ocean environments.

YTD Price Performance: 7.32%

Average Trading Volume: 13,752

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$116.5M

See more data about NZK stock on TipRanks’ Stock Analysis page.

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