Tuna fishing firm: New markets, lower catches to keep prices high

Demand for tuna is developing in new markets and, combined with lower catches, will keep tuna prices high, said a Spanish executive from a large tuna fishing group.

Demand for tuna is growing in Africa and South America, in addition to the more stable markets in the United States and Europe, said Borja Soroa, director general of Pevasa, one of the fishing companies that sells its tuna through the sales company Pevache.

“New markets are coming on. We are seeing increased demand in North African countries, such as Libya, Tunisia, Morocco and Egypt,” he told IntraFish.

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