A panel of 20 experts from 10 nations determined the extinction threat facing groupers, which are the basis of the multimillion-dollar live reef food fish trade based in Hong Kong and comprise one of the most valuable groups of commercial fishes in chilled fish markets of the tropics and sub-tropics. Around the world, consumers pay up to $50 per kilogram for grouper.
“This shows that over-fishing could decimate another major food and economic resource for humans, similar to the loss of the cod stocks off New England and Canada that has put thousands of people out of work,” said Roger McManus, a senior director of Conservation International’s Marine Program.