Panama seizes 6 tonnes of shark fins bound for Asia
- Panama authorities suspect that the shark fins were being sent to a Chinese citizen who financed the activity
- Shark fins – which represent a market of some US$500 million per year – can sell for about US$1,000 a kg in Asia
Police in Panama seized more than six tonnes of shark fins bound for Asia, arresting five people in connection to the illegal trade, authorities said.
The black-market shark fin trade is estimated to be worth US$500 million annually, and Panama last year spearheaded international efforts to protect many endangered shark species.
Attorney General Javier Caraballo told a press conference that most of the seized fins “were already dehydrated and ready to be exported”.
The shark fins were allegedly destined for Asia, police said, where a kilo of fins can cost up to US$1,000.
Shark fin soup is viewed as a delicacy in East Asia, often eaten at weddings and expensive banquets. It is also believed in some countries, including China and Japan, to slow ageing, improve appetite, aid memory and stimulate sexual desire.
Authorities suspect that the shark fins were being sent from Panama to a Chinese citizen who financed the activity.