Wednesday, February 10, 2010   


Oil leaves bad taste for sushi lovers

Thursday, June 05, 2008

In Hong Kong and the mainland, were used to thinking of skyrocketing pork prices when we hear the word inflation.

But prices of sushi are also soaring, no thanks to oil prices that have pinched supply by making fishing unprofitable for a third of the global long-line tuna fleet.

The fuel costs for so-called long- range tuna ships have doubled in a year, the Financial Times quoted Japan Tuna, an industry group, as saying. A fifth of Japans 360 ships may suspend fishing for four months from July. A further 140 ships in Taiwan, the mainland and South Korea have already decided not to fish, according to the Organization for the Promotion of Responsible Tuna Fisheries.

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The best tuna cuts are 25 percent more expensive. Prices have also been bolstered by a 20 percent drop in catches because of over-fishing, as well as by international quotas on the most valuable varieties such as the southern bluefin.


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