Buoyant times lie ahead for the Geraldton Fishermen’s Co-operative thanks to growing demand in China for rock lobsters. The Co-operative is also seeking to diversify its rock lobster exports to a range of other countries.
Founded in the 1950s, the Co-operative is based in Western Australia, and has grown from a small handful of fishermen to the largest rock lobster exporter in the world. With sales of $450 million a year, 200 members and 350 employees, it still insists on remaining as it began; a co-operative owned by its members, who are all fishermen.
The Co-operative’s main export market is China, where rock lobster is a prized menu item.