Aquaculture Cuts Average Fresh Fish Prices at Market
Farmed fresh fishery produce is becoming increasingly important in the Market. This is shown by statistical figures the wholesale centre has released. Fish-farming products accounted for only 4.1% (1,599 tonnes) of total fresh fish in 1990, but by 2012 the figure had climbed to 22.1% (8,911 tonnes).
This year-on-year rise has been seen not just in sales volume - it has also had a significant repercussion on fresh fish prices.
A study drafted by the Central Fish Market management found that the cheapest price of this type of fish - between 15% and 60% depending on the species - with respect to wild fish is helping bring down average fresh fish prices every year. The study suggests that if there had been no farmed fish and the Market had continued to sell the same species and amounts but from species fished from the sea, the average fish price would have risen by 9.3% in 2000, 10.1% in 2005 and 11.1% in 2012.