Irish oyster producers are suffering from low prices in a few key markets, as well as high input costs, according to Lee Hunter, the CEO of Oisirí Oileán Cróine Teoranta, which farms oysters in the western Irish county of Donegal.
“Anyone selling into the Asian market is taking a 10 to 20 percent price cut while still sending similar amounts,” Hunter said.
Hunter said that Irish oysters shipped to France – where Irish producers send oysters both for public consumption and for processing – are taking a similar cut in prices as consumers are cutting back amid a recent cost-of-living crisis in the country.
These prices have led to a buyers’ market in which customers are seeking higher-quality oysters for lower prices, Hunter said.
“The same volumes are being shifted, but customers are demanding higher quality for lower prices,” he said.
This drop in prices has also comes amid …
