According to The Australian Financial Review, fourth-generation Fremantle fisherman Fedele Camarda has been treading water for four years.
A Chinese ban on importing Australian rock lobsters had denied the WA industry its major customer. The move drastically reduced prices and cut margins as costs climbed. However, recent confirmation that China would lift its sanctions on Australian rock lobsters was “a light at the end of the tunnel” for hundreds of fishermen, Mr Camarda said. “To have China back and buying the product at that time of the year, it helps us a lot if we’re going to get a better return for our product,” Mr Camarda said. “Just being able to move the product when China’s in play, it means that the volumes that we catch, it’s a lot easier to move that product.” https://www.afr.com/companies/agriculture/wa-fishermen-celebrate-end-of-lobster-ban-20241011-p5khnu
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