Noosa News
Lunar New Year serves up mixed fortunes for food exporters grounded by tariffs, lockdowns
It was supposed to be the busiest time of their year, but Australian exporters are facing mixed fortunes this Lunar New Year.
Key points:
- Lobster prices have dropped by more than half ahead of Lunar New Year celebrations
- Businesses say high freight costs make it difficult to send goods to markets in southern Australia
- Some southern Queensland exporters sent 120 tonnes of product to Hong Kong and Singapore in the past week
For lobster fishers in Far North Queensland, 2021 is looking dire due to ongoing trade tensions between Australia and China as well as continued coronavirus restrictions in Asia.
The hand-caught seafood delicacy normally fetches up to $70 per kilogram during Lunar New Year, a peak demand period.
Torres Straits Seafood manager…
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