Kiwi crayfish expands into Chinese market

  • 14/07/2016
(file)
(file)

The country's biggest iwi-owned fishing company has expanded its crayfish processing plant to hook into the lucrative Chinese market.

Moana New Zealand's new $6 million plant has the capacity to hold 27 tonnes of crayfish in specially designed temperature-controlled tanks.

The crayfish are exported live and the company's CEO Carl Carrington says the New Zealand species is particularly sought after overseas. 

"It's red, it looks like a dragon - it has all those mystical qualities of prosperity, health, well-being," he says.

"And Chinese value those kind of attributes."

One kilogram of crayfish can fetch up to US$300 at a restaurant in China.

Newshub.

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