Part II. The Tuna Trade
Big Tuna Fetches Record $396,000 in Tokyo
TOKYO (AP)—A giant bluefin tuna fetched a record 32.49 million yen, or nearly $396,000, in Tokyo on Wednesday, in the first auction of the year at the world’s largest wholesale fish market. The price for the 754-pound (342-kilogram) tuna beat the previous record set in 2001 when a 445-pound (202-kilogram) fish sold for 20.2 million yen, a spokesman for Tsukiji market said.
Due to several reasons outside the scope of this book, commodities have experienced dramatic growth since 2000. However, it does not take a doctorate in economics to see that a falling U.S. dollar, uncertainty in global economic policy, and increased demand from China and India play a significant role in the ...
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