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    Home > Active Ingredient News > Feed Industry News > World Purse Seine Fisheries Organization makes an important resolution to stabilize tuna market

    World Purse Seine Fisheries Organization makes an important resolution to stabilize tuna market

    • Last Update: 2001-11-28
    • Source: Internet
    • Author: User
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    Introduction: on October 22, the first Asia interim assessment meeting of the world purse seine organization was concluded in Manila, Philippines Based on the low level of tuna supply and the declining demand in the world, the Asian members of the organization made the following important resolutions to stabilize the world tuna market: In view of the current decline of Bonito prices in Bangkok, the main raw material sales place in Asia, Japan, South Korea, Taiwan, China and the Philippines agreed to cut their fishing capacity by 35% in order to maintain the prices of raw bonito above 700 US dollars / ton Each country (region) assesses the price and supply of tuna every month and takes further measures as needed, while requiring other members of the organization and non member states to reduce fishing capacity.
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