Tag Archives: Hong Kong
Australian lobsters back on the Chinese menu as ‘grey trade’ fires up again
Australian lobster fishermen shut out of mainland China appear to be selling millions of dollars’ worth of crayfish to the once-booming market via unofficial “grey channels”, trade experts say. Commercial fishers across the country were left reeling in November when China appeared to impose an unofficial ban on Australian lobster exports that had been worth hundreds of millions of dollars. The suspension effectively stopped the trade with China, which had been buying more than 90 per cent of lobsters exported from Australia. >click to read< 11:48
Coronavirus: Emergency ‘lobster flights’ to save $800 million worth of seafood
Hundreds of tonnes of lobster and abalone will be flown on emergency freight flights out of Australia in a $110 million push to stop a massive downturn across the seafood sector. The government will fund 200 40-tonne flights of Australian produce to China, Japan, Hong Kong, Singapore and the United Arab Emirates as stock goes to waste and staff are laid off. In Western Australia alone up to 98 per cent of its lobster produce usually heads to China. Fishers have pulled up their pots as they cannot get the product into centres such as Shanghai. >click to read< 08:33
Shadow markets mask the size of China’s demand for lobster
The Chinese appetite for North American lobster is well known and getting bigger every year, but it may be twice as big as previously believed. That’s because there is a lot more lobster ending up on Chinese dinner plates than what Canada and the U.S. send over. Researchers think there is even more North American lobster being traded along indirect and sometimes shadowy routes through other places in Asia, like Hong Kong and Vietnam, that eventually ends up as luxury eats for China’s growing middle class. click here to read the story 09:54
