Most definitely - In saying that though, the wholesale division only makes up a quarter of their revenues, and I believe margins are already slightly weak in wholesale?
I guess the next question from here is whether this news (about entering the seafood market) is already factored into the price? The Norwegian imports is also old news, and I can't see it dragging the price much lower?
The AUD is quite high against the Norwegian Krone buying around $6.08, up from around a $5.30 low in 2014. Probably due to lower oil price. Norway is arguably looking for greater revenue from salmon to make up for lower oil revenue and in doing so, using its lower currency to saturate salmon markets globally. This surely cannot last?
Ann: PAC Partners - Tassal Group Limited Presentation, page-6
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