The high cost associated with this deep-sea fish stems from a combination of factors related to its biology, harvesting, and market dynamics. It is not a readily available species, and acquiring it involves significant logistical and financial investment.
The extended lifespan and slow reproductive rate of this fish contribute significantly to its price. These biological characteristics render populations vulnerable to overfishing, necessitating careful management and restricted catch quotas. These quotas, in turn, limit supply and elevate market value. Furthermore, the fish’s habitat in the deep ocean requires specialized fishing vessels and equipment, adding to the operational expenses. The discovery of this previously unknown resource in the late 20th century led to initial exploitation, highlighting the need for sustainable fishing practices which are now implemented but affect pricing.
