Sanford Sells Majority of North Island Inshore Catch to Moana New Zealand
Sanford has sold most of its Annual Catch Entitlement (ACE) for North Island inshore species to Moana New Zealand, the company announced alongside its half-year 2023 financial results.
The arrangement is for a minimum of about 10 years. Sanford said the move comes as it attempts to “simplify its operations and establish a lower-risk passive revenue stream for its North Island inshore ACE.”
The value for this package of ACE starts at nearly $11 million (US$6.9 million) (annualised) for the first year...
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