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Co-op Scheme to Boost Australian Rock Lobster Exports

Crustaceans Sustainability Processing +6 more

AUSTRALIA - Thanks to loan from the Western Australia government, Geraldton Fishermens Co-operative will now be able to build a 80-tonne live lobster holding facility to increase exports to China.

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The co-operative is Western Australia’s biggest rock lobster processor and has secured a $3.5 million loan through the Government’s Co-operative Loan Scheme to build the facility at Welshpool.

When completed, it will be Australia’s biggest rock lobster holding tank facility, enabling air freight of fresh rock lobster into China to reduce the time from ‘catch to plate’.

Western rock lobster is a sought-after ecologically sustainable product, with exports from WA worth $443 million in 2014-15.