NZ King Salmon pulls out of China

New Zealand King Salmon has stopped selling into the Chinese market, Chief Executive Grant Rosewarne said.

It has pulled out of the Chinese market at a time when many other companies were moving into China because it could not supply enough salmon to meet future demand, he said.

Rather than “just limp along” in the market, King Salmon had decided to “pull the plug,” Rosewarne said. Its last order went in last week.

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