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Analysis

Trade analysis: New Zealand rock lobster prices quadruple on Chinese demand surge, FTA deal

The prices surge is a cautionary tale for buyers of seafood of limited supply when moneyed Chinese consumers enter the market en masse

By Louis Harkell | Feb. 27, 2017 09:55 GMT
Rock lobster, Lee Fish
Rock lobster; Lee Fish stand at Seafood Expo Global, May 2015, Brussels, Belgium. Photo: Miriam Okarimia/ Undercurrent News
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Chinese demand for New Zealand rock lobster has driven up prices by almost four-fold in a little over ten years, in a testament to Chinese middle-class' buying power and the value of the China-New Zealand free trade agreement (FTA) [...]

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