Data loading...

Greenpeace: Traders Need To Step Up To Ensure Sustainable Longlining

Greenpeace believes that tuna traders need to step up to ensure strict traceability and sustainability standards as governments are failing to regulate the longline tuna industry. The organization states that a large portion of profits are in their hands, giving them considerable control over the tuna supply chain.

In a new Greenpeace report, titled “Out of line, the failure of the global tuna longline fisheries”, the environmental group states that traders contribute to illegal longline tuna fishing by keeping up the web of operations and providing the product to the end markets.

The report outlines: “The dual function, as middleman and provider of vessel support services, means that the traders play a key role in the global tuna business model…The nature of the traders’ business model means that their profits are highly dependent on the volume of tuna traded. Any restrictions on catch or increased regulation of the longline fleets, that would increase the cost of fishing and/or reduce the volume of tuna available to trade, could negatively affect their business.”

An analysis by the Pacific Forum Fisheries Agency, undertaken in 2011 states that Taiwanese company FCF, Singapore’s Tri Marine and Japan’s Itochu are “the big three” traders in the canned tuna supply chain. The report also outlines that Mitsubishi, Japan’s largest general trading company, is an important trader of sashimi tuna imports into Japan.

Greenpeace adds in the report: “The highly concentrated nature of the tuna trading sector, with just a handful of companies, that buy and sell  the fish caught by hundreds of fishing companies and thousands of vessels, means that a large portion of profits are also concentrated in their hands, giving them considerable control over the tuna supply chain.”

Under the banner “market responsibility” the report suggests that traders have a responsibility to ensure they only source tuna that comes from well-managed, legal and traceable sources.