Tanking value of Japanese yen hurting Taiwan’s tuna fleet

Published on
June 22, 2022
A pile of Japanese yen

Taiwanese tuna trawlers are staying put in port, according to an industry representative.

Tony Lin, project manager at the Taiwan Tuna Association, told SeafoodSource that depreciation of the value of the Japanese yen, alongside high oil prices and continuing COVID-19 safety and  prevention measures” have “caused the operating costs of Taiwan distant fisheries to rise, affecting the willingness to operate and the decline in catches" ...

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