Salmon industry expanding in Marlborough

Kaikoura news
Tuesday, July 12, 2016

Local MP Stuart Smith welcomes the opening today of two new salmon farms in the Marlborough Sounds, located in Waitata Bay and Richmond Bay in Pelorus Sound.

“This is a significant development on both a regional and national level”, says Mr Smith.

“Aquaculture is an important industry to the Marlborough economy, generating $160 million in regional GDP, nearly 6 per cent of Marlborough’s regional activity.

“The salmon industry is a major part of that. New Zealand King Salmon currently supports 440 jobs in the Marlborough Sounds and produces $115 million in annual export earnings. With the addition of these two new farms, yearly production will rise from 6000 to 10,5000 tonnes  and earnings will increase to over $170 million.”

Mr Smith also sees this as progress towards the Government’s goal of increasing primary industry exports in an environmentally sound way.

“Globally, aquaculture really is the way forward in terms of increasing food production in a sustainable way,” says Mr Smith.

“Aquaculture is an exciting and innovative industry with a very promising future in New Zealand, and I look forward to seeing it grow and develop further.”