Tasmanian Abalone Exports Dive as Competition from Farmed Operations Heats Up
Tasmania's farmed and wild abalone industries are reeling as demand stalls and export prices plunge.
Chinese farmed abalone has flooded the market, forcing out a lot of Australian farmed product and bringing about the closure of two Tasmanian farms.
"We've lost two farms in Tasmania within the past two months," Nick Savva from the Australian Abalone Growers Association said.
"They're both in the process of closing down and shutting up shop."
Yumbah Aquaculture will decommission its abalone farm at Bicheno, harvesting all stock and sending juvenile abalone to...
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