Despite poor half year results, Sanford expects to see a reasonable recovery in the second half of the year.
The listed fishing company made $5.3 million in the six months to March - down 79% on the same period a year ago because of lower prices for fish and a higher New Zealand dollar.
The company says the ongoing effects of the global financial crisis are still affecting pricing in some markets.
But Sanford says there's been major reduction in its stocks of hoki and salmon, indicating a pickup in the market.
And it says demand for other species, like hoki, salmon, orange roughy, toothfish and mackerels is also improving, and price increases for Greenshell mussels should boost profitability in the second half.
Shares in Sanford rose 1 cent to $4.46 on Wednesday.
