Originally Posted by
layman
Australian lobster (median price) was around $250/kg pre trade-war and dropped to around $100/kg afterwards.
While I hope exporters have filed away their 'lessons learned', I can understand why fishermen (and other exporters) would take the risk, the rewards are fairly healthy.
We did 750 million in lobster exports. we did 110 billion in coal. Lobster isn't even a blip on the graph. Covid had a much bigger effect than the a embargo.
Also wine got hit pretty badly, lots of good wine was suddenly available in AUS at bottom dollar.