Strangely enough it was just over a week ago when I noted the average price of Tuna fish was ridiculously low in comparison to the past two years.
The price drop for a factory boat processed can of tuna has dropped more than 40%.
What that generally indicates is an abundance of market supply, too substantial for just a general drop in demand. Unfortunately, this also means a depletion of resource origin in the water, less tuna swimming about. Noting a significant shelf price drop indicates the supply growth is several months past.
So I checked global price sourcing. [Because sport tuna fishing has been a hobby of mine since an accidental catch of a 300 lb “Big Eye” two decades ago netted me enough money to buy a brand new car] Yep, confirmed, early 2015 Global pricing reflected a tuna price nosedive amid the more famous Japanese markets for “Bluefin”, a market indicator.
Too many of all Tuna species harvested. What does that mean?
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