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Agribusiness Report: Sanford boss Volker Kuntzsch: Untapped opportunities at sea

Untapped opportunities at sea

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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sea-opportunities

[26 June, Volker Kuntzsch, The Country]

Volker Kuntzsch, Chief Executive of Sanford Seafood company reports that New Zealand’s ocean is full of opportunities environmentally and economically. New Zealand is 96 percent ocean and our country has the fourth largest exclusive economic zone in the world. Mr Kuntzsch has a goal of using the ocean to protect and provide for New Zealanders, through initiatives such as promoting aquaculture, allowing for improved water space allocation and easier access to funding as well as investment into infrastructure. Mr Kuntzsch suggests investment in processing facilities to produce face masks or manufacture nutraceuticals would be a great idea, or a national focus on seaweed. Mr Kuntzsch reports that the biggest challenge to face is climate change, and that the fishing and aquaculture industries need to adapt.

 

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