Shares of Sanford (NZE:SAN) edged down in recent Tuesday trade, while shares of New Zealand King Salmon Investments (ASX:NZK, NZE:NZK) rose around 2%, as investors reacted to the World Trade Organization's (WTO) agreement on fisheries subsidies taking effect on Tuesday after nearly 20 years of negotiation.
The agreement bans unfair subsidies that distort markets by targeting illegal, unreported, and unregulated fishing, as well as fishing of overfished stocks and unregulated high seas fishing.
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