That is definitively not the type of statement that you read often in fisheries... but that depends from where you look at it. I have known Phil Roberts (from Trimarine) for a long time, he knows the tuna world from the inside out, and I always like to listen to what he has to say.
He always has the right information to complement his words. The graph above is explanatory on itself the world is catching to much fish and that oversupply is driving the price down, so what is the point?
No one wins... that is what my 13 years old boy said when I explained the graph... Is so evident that I just don't understand how we got here.
From 2000 – 2014 catch increased by 75% in the WCPFC. That leads that to oversupply and depressed market prices, there has been a 39% drop in value from 2013 to 2015.
Oversupply is bad for boat owners. Oversupply = low prices = unprofitable boats.
Low prices are bad for island based processors are only low prices are good for brands and dutiable processors.
SPC indicates that 220 seiners could fish to 50% target reference point. The WCP fleet may need a 25 to 50% reduction and make more room for locally flagged vessels.