Re: 1.7 million reasons to catch a tuna in Japan
I have read a bit about it, am no expert but this is what I believe is true.
It's the first fish of the new year that gets bid up each yer. This year, 1.7 million is over well over last year. It's a marketing and status fish.
For the most part, bluefin here go at an average of 10-12 bucks, sometimes less, sometimes more. It changes often, supply and demand, of course grading of the fish plays a big part too.
The Japanese wholesale market is typically in the 30-40 range. Of course this fluctuates a lot too!
The end game has consumers paying 25 plus for a small piece of bluefin belly at Tokyo sushi bars.
Sushi is wide spread and you can get cheap sushi in markets all over Japan, but atmosphere and high end city markets dominate the bluefin market.
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