Bluefin tuna goes for a song at Tokyo auction; Hong Kong unlikely to benefit
The cost of bluefin tuna at the year's first auction in Tokyo's Tsukiji fish market declined compared to 2013, despite deep concerns over the sustainability of stocks
A giant bluefin tuna sold at auction in Japan yesterday for about 95 per cent less than the record-breaking sum paid last year - but Hong Kong diners are unlikely to see too steep a drop in prices for the delicacy.
The 230kg fish was purchased at the Tsukiji market's first auction of the year for 7.36 million yen (HK$545,000), significantly lower than the 155.4 million yen paid for a fish of similar quality in 2013. It is the first time in five years that the auction price has slipped below 10 million yen.
Bluefin is usually the most expensive fish available at Tsukiji, the biggest fish and wholesale seafood market in the world.
Intense bidding last year sent prices skyrocketing and deterred other bidders from vying with the popular Sushi-Zanmai restaurant chain.
The same chain won this year's auction. Kiyoshi Kimura, whose Kiyomura Company operates the restaurants, said: "I'm glad that the congratulatory price for this year's bid went back to being reasonable."
The rival Hong Kong-linked Itamae-Sushi chain was top bidder for the biggest bluefin four years in a row until 2012. Founder Ricky Cheng Wai-tao famously became the first non-Japanese to claim top prize at the annual auction after he forked out HK$430,000 for a bluefin in 2008. His last winning bid, in 2011, was for a record HK$3 million bluefin weighing 342kg.
