Lobster industry in crisis as Chinese export ban claws at profits | Sky News Australia

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Up to one third of jobs in Australia’s lobster industry could soon be lost as a slump in prices claws away at profits.

Beijing delivered a crippling blow to the sector when it imposed an 80 per cent tariff on Australian exports in May 2020.

Southern rock lobsters are being sold at about one third of the price they fetched before the ban and many fisherman cannot break even selling the product at $25.00 per kilogram.

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At least all the keyboard warriors are happy 🤷🏻‍♂️

Selfish..... just want Chinese money. sell back to locals for $29 per kg (we want the juicy 2-5kgs crays)

Hood

Sell to someone else then? Stop letting them rule you!

Sell more locally at prices we can afford ?

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