Bluefin tuna prices plummet in Japanese market

The price of frozen bluefin tuna in the Japanese market has fallen sharply recently, mainly due to the oversupply of farmed bluefin tuna in the Mediterranean region, which has flooded the market in large quantities. ​ For Japanese seafood lovers, the year-end season brings an unexpected surprise, as frozen bluefin tuna prices drop significantly, allowing consumers to purchase the rare fish at more affordable prices. According to Jiji News Agency , this price drop has been attributed to an oversupply of farmed bluefin tuna in the Mediterranean region. ​ A recent auction at Tokyo's Toyosu Wholesale Market showed that the price of frozen bluefin tuna was approximately 2,800 yen (approximately US$19.89) per kilogram, a drop of nearly 20% compared to the same period last year. ​ Mediterranean farmed bluefin tuna is raised and fed in coastal pools and has a higher fat content, increasing its appeal. In 2022, Japan's imports of this bluefin tuna increased significantly, reaching ...