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<h1>First bluefin tuna of Pingtung Festival fetches NT$1.4 million</h1>
<div class="Date">Post Date:2012/5/6</div>
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<p>Taipei, May 2 (CNA) <BR/>The first fish of Pingtung's Bluefin Tuna Tourism Festival, which was caught April 26, was sold for NT$1.36 million (US$46,575) at an auction Wednesday in Pingtung, southern Taiwan. <P>The bluefin tuna weighed 224 kg and was caught off the county's coast in the Bashi Channel by the Donggang-registered boat Fu Yu Ching No. 2. It was bought by Yumaowu, a supermarket in Taichung, for a price of NT$6,100 per kg. <P>Pingtung Magistrate Tsao Chi-hung served as the auctioneer in a bidding process that saw the price soar from a starting bid of NT$2,000 per kilo to surpass NT$6,000, with six bidders taking part. <P>However, the price was still lower than the record NT$7,800 per kg that was fetched at the festival in 2004. <P>It was also the first time in the festival's 12-year history that the first bluefin was bought by a business outside of southern Taiwan. During the past 11 festivals, 10 restaurants in Pingtung and one in Kaohsiung purchased the first fish. <P>In addition, it was the first time a Donggang-registered boat had brought in the first bluefin of the festival. Ryukyu Islands-registered boats have taken that honor in all the previous events. <P>In comparison, a bluefin caught earlier this year off the coast of Yilan County in waters northeast of Taiwan sold at auction for NT$900,000, at a price of NT$2,500 per kilo. <P>Meanwhile, the Pingtung county government announced that it has organized a concert that will be held May 5 to celebrate the festival's opening. <P>(By Kuo Chu-chen and Jamie Wang) <BR/>ENDITEM/J<BR/></p>
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