Cost of fish to leap like salmon

21 June 2013
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22 June 2013 | Adam Leach

Increased global demand for fish species including tuna, shrimp and salmon will outstrip supplies and result in the price of fish reaching record heights, according to the United Nations.

Food Outlook, published this week by the Food and Agricultural Organisation of the United Nations, revealed that the Fish Price Index is likely to continue its rise, having hit historical highs in the summer of 2011. The report cited higher feed costs and supply problems as the main factors.

“World trade continues to grow, thanks to strong demand from emerging markets, with both volumes and values progressing in 2013,” it said. “Prices on a number of farmed species, including salmon, shrimp and selected bivalves [crustaceans], have risen sharply, due to supply problems and higher feed costs.” It noted that the price of tuna has also spiked.

The Food Outlook, which is published twice a year, also forecast that global sugar prices would ease, with yield significantly outstripping demand; that wheat prices would contract and meat prices remain at an historic high.

The report also said quinoa is the subject of a significant and prolonged increase in global demand. The United Nations General Assembly has declared 2013 as the ‘International year of quinoa’ to recognise the ancestral practices of the Andean’s, which has preserved quinoa as food for present and future generations.

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