Mojo ♻️Apr 4

Australia’s largest wild-caught prawn business, Raptis and Sons Group (brands: Agrios, Seaport, Ocean Pearl), has collapsed into administration with no buyer found — costing ~200 jobs.
The family business, started in the 1950s from a fish & chip shop, ran a 15-boat fleet out of tiny Karumba in the Gulf of Carpentaria.
Blame game: oversupply, lower catches, rising costs — plus fishing licence restrictions and diesel shock according to Bob Katter.
Another blow to local seafood towns while we import more and more.

#AustralianSeafood #FishingIndustry #Karumba

https://au.finance.yahoo.com/news/gutted-largest-wild-prawn-fisher-043532403.html

Seafood giant collapses as 200 jobs lost

Gripped by a diesel shortage following a season of oversupply and then fishing shortfalls, Australia’s largest wild prawn fishing company has collapsed.

Yahoo
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