22 Dec 2011

Good prices for fish on international markets should continue

7:29 am on 22 December 2011

Sealord expects to keep fetching good prices for its fish on international markets, as commodity prices hold up.

The deep sea company made a profit of $20.6 million in the 15 months to the end of September, despite a challenging year with the rising New Zealand dollar.

Some 15% of Sealord's exports are to Europe, and the company's chief financial officer Jason Dale says he expects demand to remain steady.

But he says prices could drop in the higher-end of the market, if consumers trade down due to the eurozone's debt crisis.

Mr Dale says Sealord expects most of its growth to come from exports to Australia and Asia.