How much will you pay for quality lobster and cherries this Christmas?
By
Seia Ibanez
- Replies 18
Christmas shopping this year could be more costly than your usual run-of-the-mill celebrations—key ingredients like cherries and lobster are all set to arrive in wonderful condition, but they won’t come cheap.
While farmers and fishermen work hard all year to provide the highest quality produce, the weather, market demands, and increasing overheads affect what you'll find on store shelves.
Let’s start with cherries.
After suffering through a tough year last year, cherry farmers have something to cheer about in summer 2023-24 with more favourable weather conditions, making for abundant crops and excellent quality fruits.
Cherry Growers of Australia acting president and South Australian cherry grower Nick Noske said consumers would be glad about the quality of cherries this year.
'It has almost been a sort of perfect growing season so far,' he said.
‘It seems to be a pretty similar situation across the board…I've seen some great fruit in supermarkets already.’
But this doesn’t automatically mean a better deal for consumers.
Despite more cherries on trees, growers still have to cover their increasing overheads.
Nick explained, 'Costs have gone up a lot for growers, and they do need to get a reasonable return.'
‘Chile, who is our biggest competitor in the overseas market, is having a pretty tough season … So strong export demand might hold the domestic price up a bit.’
Nick’s best guess for how much you’ll pay for cherries this Christmas? 'A little bit less, with some better fruit, but I wouldn’t expect cheap.'
Now, let’s talk about lobsters.
Prices have already increased for lobsters due to Chinese restrictions on Australian rock lobsters despite the strong domestic and international markets.
Managing Director of lobster retailer Ferguson Australia, Andrew Ferguson, mentioned that prices increased around the same time last year.
‘The beach price has been higher, and fishermen have caught pretty well,’ he said.
‘They [fishers] are a bit choosy about when they go fishing. If the price drops below a certain amount, they stop fishing.’
The seafood retailer used to sell whole-cooked fresh southern rock lobster at $110 per kilogram, whole-cooked frozen at $110 per kilogram, and live lobsters at $95.
Andrew said that the domestic market has been selling lobsters, especially during Christmas, in the past years.
‘We do a lot with the supermarkets with the half lobsters, which is going quite well,’ he said.
Despite the slightly higher price increase, Andrew ensured that consumers would likely be happy with the quality and condition of the lobsters but mentioned that they may not get a large one yet.
‘The quality is very good at the moment…We don't see those [large lobsters] come back into the catch in any large volume until very close to Christmas,’ he said.
‘It is always the same every year.’
As for future prices, Andrew reckoned if the Chinese government lifts restrictions on Australian rock lobster imports, prices won’t immediately return to pre-COVID-19 highs.
Having recently returned from China, Andrew reported that the economic conditions, along with the competitive seafood market, may keep prices lower, allowing more Australian consumers to afford than before the COVID-19 pandemic.
'I don’t think we will see the price hikes immediately that we would expect because we will have to find our way again,’ he said.
Despite the rising costs of goods and services, Australians are still gearing up to spend more on Christmas this year. According to a report, 1,014 shoppers nationwide plan to spend 16 per cent more on items this year. You can read more about the story here.
Members, do you plan on getting cherries and lobsters for the holidays? Where do you get these fresh and quality products? Share them in the comments below!
While farmers and fishermen work hard all year to provide the highest quality produce, the weather, market demands, and increasing overheads affect what you'll find on store shelves.
Let’s start with cherries.
After suffering through a tough year last year, cherry farmers have something to cheer about in summer 2023-24 with more favourable weather conditions, making for abundant crops and excellent quality fruits.
Cherry Growers of Australia acting president and South Australian cherry grower Nick Noske said consumers would be glad about the quality of cherries this year.
'It has almost been a sort of perfect growing season so far,' he said.
‘It seems to be a pretty similar situation across the board…I've seen some great fruit in supermarkets already.’
But this doesn’t automatically mean a better deal for consumers.
Despite more cherries on trees, growers still have to cover their increasing overheads.
Nick explained, 'Costs have gone up a lot for growers, and they do need to get a reasonable return.'
‘Chile, who is our biggest competitor in the overseas market, is having a pretty tough season … So strong export demand might hold the domestic price up a bit.’
Nick’s best guess for how much you’ll pay for cherries this Christmas? 'A little bit less, with some better fruit, but I wouldn’t expect cheap.'
Now, let’s talk about lobsters.
Prices have already increased for lobsters due to Chinese restrictions on Australian rock lobsters despite the strong domestic and international markets.
Managing Director of lobster retailer Ferguson Australia, Andrew Ferguson, mentioned that prices increased around the same time last year.
‘The beach price has been higher, and fishermen have caught pretty well,’ he said.
‘They [fishers] are a bit choosy about when they go fishing. If the price drops below a certain amount, they stop fishing.’
The seafood retailer used to sell whole-cooked fresh southern rock lobster at $110 per kilogram, whole-cooked frozen at $110 per kilogram, and live lobsters at $95.
Andrew said that the domestic market has been selling lobsters, especially during Christmas, in the past years.
‘We do a lot with the supermarkets with the half lobsters, which is going quite well,’ he said.
Despite the slightly higher price increase, Andrew ensured that consumers would likely be happy with the quality and condition of the lobsters but mentioned that they may not get a large one yet.
‘The quality is very good at the moment…We don't see those [large lobsters] come back into the catch in any large volume until very close to Christmas,’ he said.
‘It is always the same every year.’
As for future prices, Andrew reckoned if the Chinese government lifts restrictions on Australian rock lobster imports, prices won’t immediately return to pre-COVID-19 highs.
Having recently returned from China, Andrew reported that the economic conditions, along with the competitive seafood market, may keep prices lower, allowing more Australian consumers to afford than before the COVID-19 pandemic.
'I don’t think we will see the price hikes immediately that we would expect because we will have to find our way again,’ he said.
Despite the rising costs of goods and services, Australians are still gearing up to spend more on Christmas this year. According to a report, 1,014 shoppers nationwide plan to spend 16 per cent more on items this year. You can read more about the story here.
Key Takeaways
- Favourites such as lobsters and cherries are expected to maintain their higher prices this Christmas due to various factors, including overhead costs for growers.
- The outlook for cherry growers for summer 2023-24 is promising, with more favourable weather conditions, although international pressures may sustain high prices.
- The Chinese restrictions on Australian rock lobster have seen a modest price increase, reflecting the strong domestic and international market.
- While high quality is expected for both cherries and lobsters, consumers should not expect the costs of these items to drop significantly from last year.