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3-Minute Market Insight

EP 626 | AIRED 02/06/2023

ALBACORE TUNA: Japan Catch Down 93%? B.C. Lowest Mercury Levels, Tuna Moving Further North

Feb 6th, 2023 - It’s a bit of an up and down story for Albacore Tuna harvest in 2022.

TradexLIVE
--- While North Pacific landings along the Westcoast were up, our sources advise that Japan harvested a historical low of only 4,000 metric tonnes compared to 56,000 in 2021 and 2020.

Japan accounts for up to 80 percent of global Albacore Tuna supply annually, and exports to various countries including the US, Australia, Canada, and EU countries such as France, Spain, and the Netherlands.

Climate-driven changes in the oceans are shifting the distributions of fishery resources.

Albacore Tuna - Japan harvested a historical low of only 4,000 metric tonnes compared to 56,000 in 2021 and 2020

There is also an emergent theory that Albacore in the North Pacific may migrate to the South Pacific in their distribution - and reverse the process - every 30 years.

Canadian caught Albacore Tuna from British Columbia have a unique marketable feature - that is, it consistently tests amongst some of the lowest in the world for mercury levels.

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In fact, the Canadian Food Inspection Agency (or CFIA) does not have any serving limits on fresh or frozen B.C./Canadian Albacore Tuna, and children as young as 6-months are ok to consume it according to Healthlink BC.

2022 turned into a good year for the Canadian fleet as warmer waters closer to shore, along with a larger sized fish allowed for better harvest.

For 2023, there seems to be a general warming trend, which should result in more tuna moving further north into Canadian waters, which then results in greater access by the fleet right up to and into Alaskan waters.

Albacore Tuna consistently tests amongst some of the lowest in the world for mercury levels

If you’re interested in a Canadian Albacore Tuna program our recommendation is to contact your Tradex Foods business representative today.

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Lent runs from Feb 22nd to April 6th 2023.
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