Why fish prices in Chennai shot up by 45 per cent: 5 points

1. After initial rush post the fishing ban period, there has been a lull in the demand for fish in the city. Traders said though less than 1,000 customers visited the market, many returned empty-handed as there were fewer fish available for sale.

2. Soaring diesel prices has forced fewer boats to venture into the sea as  fishermen complain they are unable to make a decent margin since most of the profit goes into buying fuel. This has resulted in drop in fish supply.

3. Till last week, the city fishermen caught nearly 180 to 200 tonnes of fish, whereas on Sunday they were able to catch only 85 tonnes, following which the prices shot up by 45 per cent. 

Seer fish (vangiram) was sold for Rs 1,400 per kg, black pomfret Rs 550 per kg, kingfish for Rs 650, prawn Rs 440 per kg, red snapper (sankara) Rs 400 per kg, and crab Rs 450 per kg.

4. Vishnu MP, a wholesale trader, who owns MPV Seafood at Kasimedu fishing harbour, says, "After the fishing ban period, the market received more than 2,000 to 3,000 customers on weekends, but since the prices remained high, only a few visited the market today, of which half the people went without buying anything as almost everything was sold before noon. The sale was quite dull after three weeks."

5. Nanjal P Ravi, spokesperson of Akhila Indhiya Meenavar Makkal Sangam, says, “Usually, during this month, more tonnes of fish would be available, but due to fuel price hike, only mechanised boats with fewer fishermen went fishing on Sunday, which resulted in low supply. Neither fishermen nor traders are happy with the profit margin the past week as everything is spent on diesel price, and towards maintenance."