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PNA increases fishing day price to US$8,000 for 2015

   Majuro, Marshall Islands: Ministers from the eight members of the Parties to the Nauru Agreement (PNA) agreed Friday June 13 to far-reaching decisions that will increase their nations’ economic benefits from the tuna fishery, while expanding management and conservation measures over tuna stocks.

   The Ninth Meeting of PNA Ministers meeting in Majuro June 12-13, 2014 agreed to raise the fishing day fee from the current benchmark of US$6,000 to US$8,000 starting January 1, 2015.

PNA: World market skipjack tuna price will rebound

   Majuro — Prices for skipjack tuna on the world market have plummeted since hitting an all-time record high of US$2,350 per metric ton in mid-2013, and now hover in the US$1,200 per metric ton range.

   The Parties to the Nauru Agreement (PNA) see skipjack prices beginning to rebound over the next few months because PNA members have agreed to reduce the number of fishing days available to the industry, and the current over-supply of fish on the market that is keeping prices low is expected to end in the near future.

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Parties to the Nauru Agreement (PNA)
PNA Office PO Box 3992

Majuro, Marshall Islands
MH 96960
Phone: +692 625 7626/7627
Fax: +692 625 7628

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