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Bluefin Tuna Prices Go Down

The prices of bluefin tuna have gone down at the Japanese auction that takes place in Tokyo each year. While previously they were higher, now they have really touched rock bottom. And the quality just does not match the cost in dollars or yen for that matter.

Jan 6 2014, 5:16am CST | by

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Bluefin Tuna Prices Go Down
Photo Credit: Getty Images

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Bluefin Tuna Prices Go Down

Bluefin Tuna Prices Go Down
Photo Credit: Getty Images

Kiyoshi Kimura, the sushi king, shelled out 7.36 million yen for a gigantic bluefin tuna. This took place on the first day of bidding at the Tsukiji market

This rate was much lower than last year’s. Back then it was felt by all those concerned that the price for tuna was way more than it should be. And the funny thing was it didn’t measure up in terms of high quality. 

Kimura is thankful that the price has reached a stable level. An anomaly was appearing that seemed to sell the tuna to diners at throwaway prices. Meanwhile, the actual cost price at the auctioneer’s was astronomical.  

Most environmentalists are worried over the trends though. Since most of the bluefin tuna is consumed in Japan, the fact that it is making its way to the endangered species list is cause for concern. There is some truth to this alarming sign of extinction. 

Stocks of all three types of bluefin tuna found in the world have plummeted. And governments around the world have not done anything to stem the tide of fish depletion. If the supply is not replenished, some time in the future the Japanese stand to lose their favorite sushi and sashimi dishes.

Source: NYTimes


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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.




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