Now's the time to snap up a bargain.
Traditionally considered a luxury item, this Christmas, Aussie families won’t have to shell out for a lobster feast, with prices set to rival turkey and ham.
This month, Victorian rock lobsters are expected to hit a six-year low, falling from $140/kg in 2019 to just $70/kg.
Local lobster prices have taken a nosedive over the last 12 months as a result of the 2020 import ban between China and Australia.
Seafood Industry Victoria member and San Remo lobster fisher, Matthew Harry, said that the industry has been “battling it out” to find new markets for the past 12 months.
“We are finding other markets: Singapore, Japan, Taiwan, Vietnam, even America is starting to buy a few, but more importantly the local market is starting to buy a few,” he said.
Mr Harry urged anyone thinking about taking advantage of the falling lobster prices to do so now, with prices expected to rise again closer to Christmas.
“Hopefully the domestic market can enjoy a more affordable lobster and don’t wait until Christmas until you order them, because as demand increases the price goes up.”
Victorian rock lobsters are crimson in colour with medium-firm flesh and a sweet rich flavour.
Related recipes: Go cray with these luxe lobster recipes this Christmas
12 lobster rolls and seafood sandwiches for a very luxe luncheon
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