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Overfishing concerns hunting seafood industry

June 13, 2019

1 mins read

A recent report released by The Blue Marine Foundation is urging consumers to stop buying yellowfin tuna from the Indian ocean as this species is in danger. The report suggests that most consumers in the UK are unaware of the unsustainable fishing practices for yellowfin tuna.

Although many warnings were made by the Indian Ocean Tuna Commission (IOTC) about stock depletion, it seems fishing continues to rise in this region. The South African government has recently sent a letter of complaint to the European Commission with allegations of Spanish vessels catching more tuna than permitted under the EU’s quota.

According to the report, fisheries should be cut by as much as 25% in order to let stocks stabilise and make yellowfin tuna sustainable once more. Nevertheless, expectations are for the IOTC not to reduce quotas. Mintec average prices for Seychelles’ yellowfin tuna in May were down 3% m-o-m because of the shift in demand for tuna supplies searching for alternative sources, especially from the Western and Central Pacific Ocean (WCPO).

A similar situation is threatening the life stock of both Baltic herring and cod. At the end of May, four Non-Governmental Organisations (NGOs) called for the European Commission to halt fishing of western Baltic herring and eastern Baltic cod (zero quota) by 2020 due to overfishing concerns. In addition, the continuous rise in sea temperatures is adding further pressure to fish stock healthiness.

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Topics: Fish & Seafood
Alana Barros
Alana Barros

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