Economy

Prawn shortage: Prices to reach $50 a kilo by Christmas

Prawn shortage: Prices to reach $50 a kilo by Christmas”

Wholesale prawn buyer Andy Widjaja said the price will continue to rise as Christmas nears. There's just not a lot of prawns, so it's looking like the worst in 30 years'.

'It's up almost 50 per cent on this time past year, ' he said.

The price of king prawns is tipped hit more than $50 per kilo this Christmas due to a bad prawn farming season.

"They are not predominantly an export product so would probably be the best source of supply into the Queensland market for prawns this Christmas, but there won't be a cheap product around this year", he said.

This had lifted demand for Australian wild caught prawns, which were subject to sustainable catch limits.

It's as we still feel the flow-on effects from the outbreak of White Spot Disease at local prawn farms along the Logan River around this time previous year.

Manager of Charris Seafoods at Labrador, Jim Stamoudis, recommends buying your prawns now, as the prices are expected to soar.

The Australian Government slapped a complete ban on all raw prawn imports in January.

Queensland Seafood Industry Association chief executive Eric Perez said recreational fishermen around the country would also face a shortage of green bait prawns.

He said people should buy prawns now and store them away in the freezer before thawing them out for Christmas lunch.

The highly contagious "white spot" disease infected Australian prawns and restaurants hiked the prices of prawn dishes.

Over $25 million worth of prawns had to be destroyed due to the disease.



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