Export demand to blame for prawn price spike
Supply pressure is said to be causing the price increase, due to a combination of export demand and ongoing import restrictions.
Queensland Seafood Marketers Association president Marshall Betzel told the Courier Mail Australian wild-caught prawn supplies were “pretty tight” throughout the country, which will force prices up ahead of Christmas.
The same can’t be said for farmed prawns, with Australian Prawn Farmers Association president Matt West saying despite several Queensland prawn farms still closed after last year’s White Spot Disease outbreak, plenty of Australian farmed tiger prawns will be available.
“There is a higher volume this year of beautiful fresh farmed tiger prawns and the quality is looking fantastic,” he said.
Trawler owner and operator Darren Ward told the Coffs Coast Advocate said Australia is long overdue for a price reset for prawns.
“King prawns and lobsters are the deluxe of seafood, the premium product and the prices must reflect that,” he said.
“There is no shortage of prawn stocks that’s for sure, it’s been one of the better seasons in Queensland, in New South Wales the catches haven’t been as good, but this year unlike others the prices have held up all year on good quality product.”