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Strong Prawn Prices Despite no Export Market

Crustaceans Sustainability Economics +4 more

AUSTRALIA - A Queensland prawn trawlerman says prices have been strong for the past eight months despite an export market not being available.

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ABCRural reports that Steve Murphy, who trawls on the Fraser Coast in southern Queensland, says the high Australian dollar means it's not viable to export prawns.

He says that would usually lead to a flooding of the domestic market and a drop in prices, but that hasn't happened.

"This last year I suppose they were up 25 per cent," he said.

"Catches have been a bit disappointing. It would've been good to catch a lot more, but having said that, the prices have come up which have compensated to some degree.

"But when you see over 10 years prices steadily decline, it's good to have a year when you see them turn back and go back up."