Australia’s rock lobsters — a long-prized delicacy among Chinese consumers — might be finding their way onto mainland menus through a backdoor that circumvents a worsening diplomatic and trading dispute between the two nations.
Since direct shipments to China virtually ground to a halt in November last year, Hong Kong has become the world’s largest importer of Australian lobsters, with monthly trade growing more than 2,000 percent from October last year to April.
While lower prices will have spurred some increased demand from Hong Kong consumers, experts say the dramatic spike is more likely due to a gray trade as the tasty crustaceans are sent across the border to the mainland.
Photo: AFP
“It’s highly unlikely that locked-down Hong Kong citizens are suddenly buying, cooking and eating 20 times more lobster in their homes over the last six months,” said Deborah Elms, the Singapore-based executive director of the Asian Trade Centre. “Lobster is a high-value product. As with any high-value product, the incentives to skirt the rules are also high.”
Customs clearance delays and increased inspections for lobsters, which are typically flown in on ice to be consumed within 72 hours or put into holding tanks, saw plane loads of exports perishing on the airport tarmac late last year. Australian officials, who investigated complaints of heavy metal traces in two shipments and reported back to Chinese authorities in December, are still awaiting a response.
Lobsters are the latest in a string of Australian exports to be caught up in the widening spat between Canberra and Beijing, after Australian Prime Minister Scott Morrison’s government led calls for an independent inquiry into the origins of COVID-19.
China accounted for 93 percent of Australian lobster exports of A$544 million (US$413 million) in 2019-2020, according to official government statistics compiled by the Canberra-based Fisheries Research and Development Corp (FRDC).
Lobster, which translates to dragon shrimp in Chinese, is viewed as a symbol of prosperity due to its auspicious name and vibrant red hue. Often steamed and presented with its shell intact at celebratory banquets, Australian rock lobsters are famous for their fine yet firm texture, salty tang and sweet aftertaste, retailing at a price two to three times that of Maine lobsters before China’s unofficial ban.
The trade has slumped by 99 percent in the first four months of this year compared with a year earlier.
Meanwhile, the value of Australian lobster exports to Hong Kong in April was A$25 million — the highest monthly total since February 2013, FRDC data showed. The total for the first four months of the year was A$78.1 million, more than triple the value for the whole of last year.
It is unlikely they have all stayed within the territory.
China’s fish and crustaceans imports from Hong Kong jumped from US$500,247 in September last year to US$10.6 million in April, Chinese customs data showed.
On Baidu’s wholesaling platform, multiple suppliers continue to offer Australian lobsters. JD.com (京東), one of China’s leading e-commerce sites, currently displays live Australian lobsters selling at about 1,500 yuan (US$232) each, some with same-day delivery for Guangdong.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
Macronix International Co (旺宏), the world’s biggest NOR flash memory supplier, yesterday said it would spend NT$22 billion (US$699.1 million) on capacity expansion this year to increase its production of mid-to-low-density memory chips as the world’s major memorychip suppliers are phasing out the market. The company said its planned capital expenditures are about 11 times higher than the NT$1.8 billion it spent on new facilities and equipment last year. A majority of this year’s outlay would be allocated to step up capacity of multi-level cell (MLC) NAND flash memory chips, which are used in embedded multimedia cards (eMMC), a managed
CULPRITS: Factors that affected the slip included falling global crude oil prices, wait-and-see consumer attitudes due to US tariffs and a different Lunar New Year holiday schedule Taiwan’s retail sales ended a nine-year growth streak last year, slipping 0.2 percent from a year earlier as uncertainty over US tariff policies affected demand for durable goods, data released on Friday by the Ministry of Economic Affairs showed. Last year’s retail sales totaled NT$4.84 trillion (US$153.27 billion), down about NT$9.5 billion, or 0.2 percent, from 2024. Despite the decline, the figure was still the second-highest annual sales total on record. Ministry statistics department deputy head Chen Yu-fang (陳玉芳) said sales of cars, motorcycles and related products, which accounted for 17.4 percent of total retail rales last year, fell NT$68.1 billion, or
In the wake of strong global demand for AI applications, Taiwan’s export-oriented economy accelerated with the composite index of economic indicators flashing the first “red” light in December for one year, indicating the economy is in booming mode, the National Development Council (NDC) said yesterday. Moreover, the index of leading indicators, which gauges the potential state of the economy over the next six months, also moved higher in December amid growing optimism over the outlook, the NDC said. In December, the index of economic indicators rose one point from a month earlier to 38, at the lower end of the “red” light.