Whale, dolphin prices soar under regulatory pressure

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Whale, dolphin prices soar under regulatory pressure

The most expensive whale sold in Korea over the last two years was priced at 96.5 million won ($85,690), a local fisheries association said yesterday.

According to the National Federation of Fisheries Cooperatives, a minke whale was sold for the record price in the southeastern port city of Pohang in December last year, becoming the most expensive one traded between 2010 and 2011.

The average price of one minke whale doubled last year to 600 million won year-on-year, the cooperative said.

The most expensive dolphin fetched 9 million won in the cited period, it noted, with its average price set at 5 million won in 2011, up 66.7 percent from 2010 prices.

The price hike is attributable to toughened regulations on the whale trade that have caused some whalers to rely on commission agents to complete necessary paperwork for the sale process, cooperative officials said.

Yonhap

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