Fish Auction

A fish auction is a marketplace where fishermen sell their catch to buyers, usually wholesalers or restaurants, through a competitive bidding process. The auction typically occurs early in the morning, right after the fish are caught and brought to a central location, often a port or fish market. Buyers place bids on the fish they want, and the highest bid wins. This system helps determine the fair market price of fish based on current supply and demand, ensuring fishermen get a fair return while buyers can acquire fresh seafood. Fish auctions are crucial for the fishing industry’s economy.