The King of Sushi in Trouble
Document Type:Coursework
Subject Area:Economics
With the existence of such enticing market that is characterized by favorable market conditions, the tuna have most of their stocks in stores overfished and overexploited at the same time (The King of Sushi in Trouble “YouTube Video”). Advancement in technology has made it possible for the people to substitute the traditional methods of fishing with other effective and more efficient techniques including purse seining, that is, catching fish through the use of big nets, which spearheads the capture of larger amounts of fish. Unfortunately, the current situation concerning the supply of Bluefin is alarming. Lately, there has been a decreasing trend in the Bluefin tuna, a movement that portrays the rapid manner in which Bluefin is systematically moving towards extinction.
If the recent dynamics is something to go by, then the decline in supply would greatly affect consumers since there would be an increase in prices. 1 Changes in demand and supply (Libraries 1). Even though Japan is the leading consumer of Bluefin, it exports considerable amounts of the commodity to other destinations including Thailand and Singapore. Essentially, exports to the Asian countries have tremendously increased in recent years. Here, the diminishing supply of bluefins also poses a threat to the country’s foreign exchange incomes. The decrease in the population of the resourceful export commodity, the Bluefin mean that exportation would be on the decline. 3 Demand, Supply, and Equilibrium. Available at: https://open. lib. umn. edu/principleseconomics/chapter/3-3-demand-supply-and-equilibrium/ The King of Sushi in Trouble.
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