This year Mareterram won a regulatory free hit by gaining an exemption on a six-month prawn import ban, aimed at curtailing an outbreak of the white spot disease, detected in a Qld prawn farm and then in the wild (in isolated cases).
Unlike anyone else Mareterram is allowed to ship prawns to its certified processing plant in Thailand and then re-import them for local consumption.
In effect, the ban removes 32,000 tonnes of import volume and affects 1500 of local farmed output, leaving a local wild catch of 20,000t.
The ban is subject to a Senate review, reporting in June. “Unless the government lifts the ban – which I would be surprised about – supply will be quite constrained,” Lock says.
MTM Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)