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It could be even less, following the Board's decision to reduce harvest volumes for approximately 4 months to rebuild biomass after a period of lower-than-expected growth.

It will invest NZD 11.72 million as part of a program led by New Zealand King Salmon including its pilot open ocean farm, Blue Endeavour.

The Scottish company has supplied Mount Cook Alpine Salmon with its A-BIOMASS® camera to obtain more precise and efficient biomass measurements.

The company has also lowered its annual harvest forecasts due to a biological issue that causes fish to fail to adapt to seawater.

The company though achieved a mortality reduction during the summer and anticipates with excitement the beginning of its Blue Endeavor project.

According to the company, Blue Endeavour could generate NZD 300 million in new revenue per annum.