Japanese Sushi Chain pays $632.000 for a 212 kg Blue Fin Tuna

Global Food Chains

Overfishing - Japan

A Japanese sushi-chain boss bids a winning 74.2 million Yen ($632k) for 212 kg bluefin tuna in what may be Tsukiji market’s last auction @ its current site in downtown Tokyo.

The winning bid on Thursday, for the prized but imperiled species, was the second highest ever after a record 155.4 million Yen bid in 2013 @ an annual New Year action. This year’s price was $2.981 per kilogram, compared with a $7.930 per kg for the 2013 record-selling auction price.

Japanese are the biggest consumers of the torpedo-shaped bluefin tuna, and surging consumption of sushi has boosted demand, as experts warn the species could go extinct. Only 2.6% of the North-Pacific tuna now reach adulthood and their maximum size.

The Western and Central Pacific Fisheries Commission tightened international limits in 2015 as the species remained under threat, having the catch of a bluefin tuna under 30 kg for the average caught between 2002 and 2004.

However overfishing has continued and in some areas bluefin are harvested @ triple the levels considered sustainable!

Crickey Conservation Society (since) 2006.

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