Bigeye tuna supply in Japan is tight, bluefin tuna prices are rising

Published 2025년 3월 24일

Tridge summary

The article highlights a significant increase in bigeye tuna prices, attributed to a decrease in supply due to a reduced ocean longline fishing fleet. Market data shows a rise in bigeye tuna prices in the Eastern Pacific, Pacific, and Atlantic Oceans, while prices in the Indian Ocean remain stable. The decline in bigeye and yellowfin tuna stocks has led to market concerns about future supply issues. In contrast, bluefin tuna prices have rebounded after a dip, driven by supply adjustments and international market dynamics. The article also mentions fluctuations in the tuna market due to changes in demand and supply, with the market's attention focused on future supply and the potential for continued price volatility.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Bigeye tuna prices rise, supply pressure intensifies Affected by the reduction in the size of the ocean longline fishing fleet, the supply of bigeye tuna is expected to decrease, leading to an increase in market prices. Market data showed that the price of bigeye tuna caught in the Eastern Pacific, Pacific and Atlantic Oceans rose to 670 yen per kilogram (excluding tax) in the auction in the 12th week (March 17-23), an increase of 20 yen (about 0.13 US dollars) from the previous week. The price of bigeye tuna from the Indian Ocean remained stable, maintaining at 650 yen per kilogram since the sixth week. Data from the Ministry of Agriculture, Forestry and Fisheries of Japan showed that as of the end of December 2024, the national frozen bigeye tuna inventory fell to 8,753 tons, a year-on-year decrease of 21%. Yellowfin tuna (Yellowfin Tuna stocks also fell by 12% to 11,529 tons. The decline in stocks has made the market more concerned about future supply issues, especially as ...

Source: Foodmate