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  • 5 hours ago
Concern that the war over Iran will send oil prices even higher has many fishers in Taiwan worried about financial losses. Many see little point in even putting out to sea, with the resulting drop-off in catches helping to drive a surge in fish prices.
Transcript
00:00Early each morning, Fugang Fishing Port on the southeast coast comes to life with crowds
00:05looking for the best deals and the freshest catch.
00:08But times are hard for everyone here, from the fishers to the customers.
00:12Fishing boats need fuel to get out to sea, and war in the Middle East means prices are
00:17up.
00:18Fishers here worry that as the war grinds on, prices could go up even further, making fishing
00:23not worth the cost.
00:25Already some fishers are choosing to stay on land.
00:28The catch here, and in nearby southeast ports, is down almost a third since the Lunar New
00:39Year, just a month ago.
00:41The result?
00:42Soaring prices.
00:44Something unusual for this time of year.
00:46Fugang Fishing Port is very different from the 20% to the 80% range.
00:52The demand is mainly due to the demand for the market.
00:56Oil isn't the only reason boats are staying in harbour in this part of Taiwan.
01:01The local fishery association says weaker demand is also making fishing unprofitable, even
01:06as fish prices go up.
01:17In this corner of southeast Taiwan at least, there is some good news for fishers worried
01:22about oil prices, who decide to stay ashore.
01:25The local fishing association will give them subsidies of anywhere from around 600 to 6,000
01:30U.S. dollars.
01:31The money will let them stay ashore for up to 120 days this year.
01:36For everyone else depending on the fish business, and for consumers though, there's no such luck.
01:41Only the hope that normal supplies return soon.
01:45Ryan Wu and John Van Trieste for Taiwan Plus.
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