Market Update

App Overview 

• It's great to see so many fishers putting their trips in before the beach price has been set. While Fishers are not currently expected to do this, it certainly does benefit our planning for the following day.

App Enhancements since Last Online Meeting 

• Ability to notify if you are not fishing for an extended period.
• Ability to select a more accurate estimated landing time.
• Realtime notifications sent to depot and marketing staff for changes to trip information. 
• Bait Price.

Potential Future Enhancements

• Ability to communicate directly with depots (chat function).
• Ability for fishers to see how many boats may be delivering at the same time and location as them.
• Report to show fishers accuracy of actual catch against initial estimates.
• Provide current Bait availability by location. 

Bait Update 

• The main fishing period for Orange Roughy and Hoki finished at the end of August.
• GFC has secured enough of these lines, combined with other already purchased lines, to satisfy demand from fishers.
• There has been an increase in 3rd Party storage and freight as well as an increase in purchase price on most bait lines.  As a result, Bait prices have increased.
• GFC has stock of formulated bait available for fishers to trial (see advertisement below)

Market Update from Bryan Keay

• 13% of TACC has been caught since the start of the season. 2% ahead of pre-covid pace (see worm below)
• August market was very sluggish, however; demand has started to recover, which has seen prices rally in the past week.

The GFC Marketing team will be attending a host of expos in the coming months

• Singapore Seafood Expo - Seafood Industry Australia 
• Vietnam Delegation - Austrade: Shine and Thrive in Education and Agrifood Opportunities 2023 
• Qindgao Seafood Expo 
• China International Import Expo

HON MURRAY WATT VISITS WELSHPOOL

Earlier this month we had the pleasure of hosting the Hon Murray Watt, Minister for Agriculture, Fisheries and Forestry at our facility in Welshpool.
 
We shared with him the successes we've had in our global export in recent times and showcased our Fishers and the scale of their Western Rock
Lobster fishery.

We continue to be leaders in sustainable practices through the Marine Stewardship Council (MSC) program, and it was great to discuss the processes we have in place to ensure these continue for future generations.
 
We look forward to hosting you in Geraldton next time Murray Watt!
#westernrocklobster #lobster.

CHANGSHU CULINARY ASSOCIATION

GFC also recently hosted a visit by the Changshu Culinary Association to discuss our product, the China culinary scene, to share GFC’s story and to discuss trade opportunities.

THE HUNAN DELEGATION ENJOYS A LOBSTER LUNCH AT WELSHPOOL

In August we hosted 22 visitors from The Hunan Delegation - Department of Commerce of Hunan Province.

The group enjoyed a tour of our fantastic Welshpool facility and delicious Western Rock Lobster Lunch afterwards.

These tours are great for trade relations and are a great opportunity for potential new customers to sample our delicious Western Rock Lobsters.

Maritime Emissions Reduction National Action Plan

The Australian Government has been delivering on its election commitments to reduce emissions. The Government has legislated an economy-wide net zero emissions target by 2050 and committed to develop a Transport and Infrastructure Net Zero Roadmap and Action Plan to reduce emissions across this sector of the economy.

While emissions in the maritime sector are generally harder to abate then in other domestic transport modes, there exists significant opportunities for Australia to decarbonise maritime shipping. The Government has ambitions for Australia to be a green energy superpower, both to facilitate new export industries and to help meet our net zero commitments across the whole economy. The maritime sector has a key role to play in these efforts, with opportunities in facilitating green energy export hubs, bunkering new low and zero emissions fuels, and addressing port emissions.

In line with the Government’s climate change agenda, and in support of the calls from MIAL and other industry stakeholders, the Government committed in the May 2023 Budget to develop a Maritime Emissions Reduction National Action Plan (MERNAP) in FY2023-24. To support our national emissions reduction targets, the MERNAP seeks to capitalise on the opportunities of greener shipping, and signal to global trading partners Australia’s practical pathway to zero emission shipping in our waters and ports.

Informed by an industry co-design approach, the MERNAP will set the strategic direction and include commitments to concrete actions to decarbonise our maritime transport sector and contribute towards reducing international shipping emissions. The plan will seek to identify opportunities and future-proof the domestic maritime industry, ensuring it is not left behind in the global zero emissions transition.

Over the next 12 months, the Department of Infrastructure, Transport, Regional Development, Communications and the Arts (the Department) will work in partnership with the Consultative Group and other maritime stakeholders to draft the MERNAP for Government endorsement.

Read the full scoping paper here. MARITIME EMISSIONS REDUCTION NATIONAL ACTION PLAN SCOPING PAPER.

.

LEADER BOARD AFTER SEMI FINALS