Ridley to conduct salmon feed trials for Tassal

Company News

by Rachael Jones

Ridley Corporation (ASX:RIC) has agreed with Tasmania’s largest salmon producer Tassal Group (ASX:TGR) to conduct two salmon trials as part of Tassal’s research and development program.

Each trial will utilise Tassal’s freshwater nursery facilities, seawater growout infrastructure and husbandry management systems.

All feed required for the trials will be purchased from Ridley at market rates.

Tassal CEO says it’s pleasing that Ridley are providing capacity in the feed market to ensure that the Tasmanian Salmon Industry can continue to have sustainable supply for its growth ambitions.

Shares in Ridley Corporation (ASX:RIC) are trading 2.10 per cent down to $1.40
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.