ABARE fisheries manager Paul Newton told delegates that the almost 70 per cent rise in fuel prices in real terms since 2002-03 is only one side of the low profitability story for fisheries. Average seafood prices have dropped around 20 per cent since 2001-02.

“It hasn"t been a case of a single poor year among relatively good years, it"s been a period of consecutive years of low profitability,” Mr Newton said.

Strong appreciation of the Australian dollar has boosted seafood imports, Mr Newton said, particularly prawns from China, which have rocketed from 160 tonnes in 2000-01 to 8,500 tonnes in 2006-07.

On a positive note, the Australian Government"s recent concession buyback in Commonwealth fisheries has provided some relief to the industry.

Commonwealth Fisheries Association chairman Michael Thomas highlighted the benefits and challenges for Commonwealth-managed fisheries after the recent structural adjustment package.

“Generally, the buyback was a success. It gave industry more flexibility to cope with high fuel prices and an unhelpful exchange rate,” Mr Thomas said.

“Having fewer operators improves the long-term prospects for remaining fishers by reducing pressures on fish stocks.

“Still, challenges remain. Now, management costs are spread across fewer operators so each is paying more.”

Jayne Gallagher, from Seafood Services Australia, discussed trade and market access in the fishing industry.

“Australia is endowed with a great seafood product; however confusion regarding seafood consumption must be overcome,” Ms Gallagher said.