Source: Bianca De Marchi / AAP Image
Households and hospitality businesses can expect competitive seafood prices this festive season, but regulatory changes and a shifting export market might stir the waters in 2024.
Seafood prices have risen modestly over the past 12 months, but have largely escaped the same inflationary pressure faced by other grocery categories.
Meat and seafood prices rose 1.8% in the year to October 2023, according to the Australian Bureau of Statistics.
The price of dairy and related products expanded 7.8% over the same time frame, while bread and cereal products rose 8.5%.
SmartCompany understands that fishmongers and seafood retailers expect broadly comparable prices this festive season, compared to 2022.
Some independent businesses are also confident of beating the major supermarkets through price, range, and a dedicated, discerning customer base.
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