Growfish News Article - Australian seafood consumers benefit from SARS - Australia - Apr 21, 2003
 

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australia - Apr 21, 2003
Source: sea-ex
Australian seafood consumers benefit from SARS

Australian seafood consumers benefit from SARS. (Struggling exporters tried to turn back to the domestic markets, which are shrinking also)

Since April, Australian seafood- lovers found suddenly the usually sky-rocketing price of seafood in this season dropped sharply and made a dash to markets.

It's unbelievable. The price of live coral trout has dropped from 40 Australian dollars (US$24) a killo to 14 (US$8.4). The price of rock lobsters has tumbled from 35 Australian dollars (US$21) a killo to 10 ( US$6) while the prices of king crab and abalone dropped around 25 percent also.

It was the godsend for consumers due to the severe acute respiratory syndrome (SARS) spreading in more than 20 countries over the world.

Asian markets are the largest consumers of seafood in the world and the biggest markets of Australia's seafood. Japan and China's Hong Kong accounted for 1.4 billion Australian dollars ( US$840 million) worth of Australian seafood exports a year. Now the Asian markets are disappearing as diners avoid eating out. Orders from Asia for Australian live fish were cancelled one by one with new orders out of sight. Struggling exporters tried to turn back to the domestic markets, which are shrinking also.

China towns in Australian cities are not as hustling as before. Chinese restaurants are a bit cheerless. Although no confirmed SARS case has been found in the country, people fear accidentally contacting some body came from Asia.

As a result, seafood markets in Australia are awash with unwanted lobster, mud-crab, abalone and variety of live fishes. Fish deteriorate the longer they are kept in tank. Fishermen warned their businesses are on the verge of collapse.

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