30 Jan '14, 2pm

Shark fin demand down in Singapore amid extinction threat

SINGAPORE - The demand for shark fin soup has been declining in recent years, according to restaurants, hotels and suppliers in Singapore. But observers say that sharks could still face extinction in the next 10 years, and traders have already begun stockpiling fins. To the Chinese, serving shark fins is a sign of prestige and wealth. Once a rare delicacy only affordable to the elite, rising affluence among Chinese communities has placed shark fins within reach for hundreds of millions across Asia. The dish’s popularity has led to global shark populations falling by up to 98 per cent in the last 15 years, with many species hunted close to extinction. “Currently, all our shark fins ... are a bit smaller. The larger ones are also very hard to find,” said Tam Su Yi, sales manager at Tam Kah Shark’s Fin Trading, one of Singapore’s largest shark fin suppliers. “Because of gover...

Full article: http://www.todayonline.com/singapore/shark-fin-demand-dow...

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