#AceFoodNews – Aug.28: Price of tuna could rocket due to demand and restrictions on fishing
You may have to pay a little extra for your tuna in the future.
Skipjack prices rocketed this year following a disagreement that stopped US tuna vessels from fishing, which reduced supply.
That meant demand for yellowfin, which is often used as a substitute for skipjack, went up.
Trade magazine The Grocer warned new controls to protect sustainability could mean the cost of tuna rose even further.
‘The new control measures will further limit the current low catches, helping wild tuna stocks recover,’ Mintec analyst Emma-Jayne Smith told the Grocer.
‘This is likely to drive prices higher over the next six months, along with falling catches for alternative tuna species and rising exports to emerging markets.’
The Inter-American Tropical Tuna Commission will decide in October if it will issue a temporary ban on tuna fishing in the Eastern Pacific.
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