China lifts restrictions on import of Australian lobsters

China’s restriction on Australian lobsters has finally come to an end after four years. Australian suppliers are optimistic about retaining lost grounds. But Hong Kong retailers are concerned that prices might rise for local consumers.

Since China, the world’s largest consumer of lobsters, imposed restrictions on importing from Australia in 2020, suppliers from the country have been exporting at prices 20 to 25 percent lower to destinations such as Hong Kong and Viet Nam, attracting a new wave of lobster lovers.