South Korean fishermen who can't even laugh at the abundance of anchovies

Published 2021년 8월 30일

Tridge summary

The National Fisheries Research Institute has reported promising conditions for anchovy fishing in the southern coast of Korea, with higher distribution densities of anchovy roe and larvae and increased spawning area due to warmer water inflow. However, fishermen express concerns over potential price drops due to an oversupply of anchovies, as seen in July. Gyeongnam Province has proposed expanding the government stockpile to stabilize prices, with the Ministry of Oceans and Fisheries starting stockpiling from the 2nd of this month. The situation highlights the challenges of supply and demand management in the anchovy industry, especially amidst stagnating seafood consumption due to the ongoing coronavirus crisis.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The National Fisheries Research Institute predicted that the anchovy fishing in the southern coast would be hit by a storm this fall, but fishermen are unable to laugh because of concerns about a fall in the price of production sites. The orchard said on the 23rd that the distribution densities of anchovy roe and larvae were 1.6 times and 1.9 times higher than the previous year, respectively, in the southern coast (Wando-Busan) last month, indicating that the prospect of this year's anchovy fish situation is bright. According to the orchard, this year, as the inflow of warm water accelerated, anchovy eggs and larvae were evenly distributed throughout the South Sea, resulting in a significant expansion of the spawning area. In addition, as a result of ocean surveys and satellite observations conducted in the coastal waters of the South Sea last month, the surface water temperature in the southern sea area was 0.1~4.3℃ higher than normal, and the coastal water temperature was 1℃ ...
Source: Fisheco

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.