CRAWFISH EXPORTER MULLING PRICE CUTS

Fri, Oct 21st 2011, 11:00 PM

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

THE BAHAMAS must get its prices "in line" with the global average to remain the leader in the crawfish (spiny lobster) export industry, a leading fisheries wholesaler telling Tribune Business yesterday his company may have to look at reducing its purchase price by $0.50 to $0.75 per pound.

Anthony McKinney, president and chief executive of Paradise Fisheries, acknowledged there was concern that the Bahamas could effectively price itself out of the market, its crawfish prices being some 20 per cent higher than the global average.

"There is certainly a concern about that because the whole world economy i ...

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