Tassal the worst performer on the ASX yesterday, as global price drops met local fish kills

Yesterday Tassal share price fell by 6.5% after a stockbroker downgraded the stock, and their clients sold out. This was largely in response to the downward trend in global salmon prices, but analysts will be watching fish kills in Macquarie Harbour closely, as the Tasmanian EPA has confirmed an outbreak of the Pilchard Orthomyxovirus (POMV) (1) in Macquarie Harbour on Tasmania’s West Coast and at Huon Aquaculture leases in the South East.  

In the face of market response, Environment Tasmania has reiterated calls for Tassal to disclose the number of fish it has lost in Macquarie Harbour this month, and for the EPA to release state wide figures for salmon mortalities related to POMV.

High prices may have absorbed high mortalities, but as prices drop, producers will become more vulnerable to the losses and increased costs associated with diseases such as POMV.

"Tassal must disclose details of its fish kills to the Tasmanian public and the market,” says Laura Kelly, Strategy Director, Environment Tasmania.” And the EPA needs to end the secrecy around reporting on fish kills, especially fish kills related to major threats to biosecurity such as POMV.”

POMV, like ISA, is an orthomyxovirus. ISA has decimated salmon farming industries from Chile to the Faroe Islands, cutting production by up to half.

(1) http://www.abc.net.au/radio/hobart/programs/mornings/epa-salmon-deaths/9206012

Showing 2 reactions

Please check your e-mail for a link to activate your account.
  • anonymous
    commented 2018-01-17 19:35:49 +1100
    Well said Wendy. Seems our clean green brand has just been trashed by this government and big commercial interests. Our pristine waterways are been polluted and unsafe for recreational purposes and other businesses.Also very dangerous with all of the debris floating in the waterways. That are also washed on our beaches. Sigh.. i Shall be watching closely what other political parties stand on this. https://www.dissertationwritinguk.co.uk
  • anonymous
    commented 2018-01-10 17:29:58 +1100
    There are some groups in Tasmania that are known to be the best ones in presenting different methods. However you have to focus on this link so that you can know mor