Saudi Arabia: Wind raises fish prices in a week

The prices of premium fish in the central market in Qatif Governorate recorded an increase in prices that ranged between 20% - 28% during the current week's dealings compared to the market value during the past week, as the price of kingfish jumped to 900 riyals compared to 700 riyals for a 16-kg fish. Dealers in the central fish market in Qatif attributed the reasons for the rise to weather fluctuations and the control of strong winds during the past few days, noting that the precautionary measures to preserve the safety of fishermen and partially stop granting licenses to some boats, contributed to creating a gap between supply and demand. Abdullah Al-Abdul-Jabbar (dealer) stated that the fluctuation in the market value of various types of fish during the current week is related to the supply and demand factor, pointing out that the rise in the prices of some types is due to the large consumption of them compared to some other types, ruling out at the same time the occurrence of ...