The Economics of Tuna
By Hergen Spalink, February 9, 2013 @ 09:17 AM (EST)
Source: Independent UK
The first tuna at the Tsukiji Auction in Japan in 2013 went for 1.76 Million Dollars. With stocks depleted over 90% in the last 30 years, prices are reaching unbelievable levels. The traders and buyers alike seem to turn a blind-eye to the overfishing that has caused this spike in prices. Japanese consume over 75% of the world's bluefin tuna catch with China coming up fast having developed a taste for sushi as well. To read more about the auctions and what's happening to the world's tuna, read the original article here on the Independent.
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