An untold story from Sydney’s Fish Market

An untold story from Sydney's Fish Market and the Sydney's Fish Market Restaurants in Pyrmont. Connect with us in an untold story, just a few blocks from one of our favourite nautical bars, the Peg Leg Pyrmont.Alex from the Sydney Fish Market, a local fisher himself, shares a few secrets beneath the glisten and gleam of the Sydney Fish Market Restaurants. View the images for this podcast from within iTunes Join us in our latest Sydney podcast on a stroll through the Sydney Fish Market. We join Alex one of the fish market tour guides whom we meet excitedly admiring a fish as the sun rises across Blackwattle Bay. Alex, who has been recently featured in Time out explains The Sydney Fish Market is open every day, except Christmas day. The Sydney Fish Market is also one of the most diverse markets on the globe and could be just second after Tokyo's Tsukiji fish market, famous for its astounding display of seafood and the pre-dawn tuna auctions Shellfish for Restaurants Sydney Fish Market A touch on the Dutch Auction system In the first part one of our podcast interview with Alex, he explains how now the selling and buying of fish runs of a Dutch Auction. Also, that technically for auction fans it's an open descending price auction. Auction prices even start at the three-to Five dollar price range above the data price per kilo. Buyers come from across the Asia-Pacific region who sometimes have less than a few seconds to make a decision. The auction floor can have over 100-plus varieties of shellfish and fish on any given day. Cullen made his way carefully onto the auction floor, with his guide carefully steering him through the hundreds of new crates of fish and seafood among the ice and the exciting sounds of constant clicks made during the bidding on the keypads of all of the other bidders. Bidding Keypads at Sydney Fish Market Chilled somewhat by the early morning thaw after Cullen’s extensive tour we join Alex again where he shares his love of fishing and some of his “pretty much foolproof tips on cooking fish”. A standing roast recipe for a fabulous fish dish He then shares his perfect standing roast recipe for a fabulous fish dish, so the fins go crispy a great secret straight from the marketplace. He gives us great tips on what to try to around this time of the year and shares with us a cheeky story about the best part of any fish. Alex also advises Cullen to dig deep and to trust our instincts when choosing fish and seafood by “getting something that appeals to you”. And he shares his most valuable insight into the best lunch at the fish market as one of the ultimate foodie meals in Sydney and perhaps fact across the country. SFM is the largest market of its kind in the Southern Hemisphere Sydney's fish market restaurants features a range of restaurants and cafés, a bakery, butcher, gourmet deli, greengrocer, bottle shop, fishing supplies store, and gift shop. Retail stores at Sydney Fish Market include : BLACKWATTLE DELIGREGORY’S BREADFISHERMAN’S FINE WINESFISH MARKET CAFECHRISTIE’S SEAFOOD'SWATERSIDE FRUIT CONNECTIONFISHERMAN’S WHARF SEAFOOD RESTAURANTNICHOLAS SEAFOODSSUSHI BARPETER’S FISH MARKETDOYLE’S AT THE FISH MARKETDE COSTI SEAFOOD'S SALTY SQUIDSEA EMPEROR SEAFOOD RESTAURANT & OYSTER BARVIC’S MEAT MARKETMUSUMECI SEAFOODCLAUDIO’S QUALITY SEAFOOD'S KIOSK ICECREAM & COFFEE Find out more about Sydney's fish market restaurants Boutique Brunch Tour behind the Scenes at the Market Hi, it's Cullen here from the EATT Magazine Podcast, and I'm very lucky to be joined by Alex. CullenThank you. You're the tour guide here at the Sydney Fish Market, and I wanted to ask you a few questions. As I was really lucky enough to be able to come in and have a look at the, I guess I would call it the auction floor, the floor where people bid for fish, and that happens every day of the week, is that right? AlexEvery weekday. So not on weekends, just Monday through to Friday. (referring to the behind the scene tours) CullenOkay, brilliant. And when we were looking at that, there's three; I guess what I would call huge clocks when I'm not quite sure if they were clocks or not? CullenThey had timers on them, and they had lots of numbers whizzing around, and there were a lot of people sitting down beneath them looking at the boards very carefully to see what was happening there. AlexSo that's our Dutch or reverse auction system. CullenOkay. So, I think I know something about the Dutch option, but I'm sure some of our listeners might not be 100% clear about that. How would you describe it? AlexTechnically, for auction fans, it's an open descending price auction. So, it was the system designed by the Dutch for their Tulip craze. And it was the system designed from the very beginning to sell perishable goods as quickly as possible. CullenOkay. How does it work? AlexWe've got historical sales data that goes back a decade, and that tells us in that week of the year for the last ten years, this certain species in that size and condition and we are quite specific, is worth x dollars per kilo. So if it should sell for $10 a kilo, yeah, we'll start that particular box. Three to $5 per kilo above its expected sales price. CullenSo if we were talking about a fish like Barramundi for example and so let's say that might come in at $10 a kilo. How, how would that work then? CullenYou'd go back over all that data over the last ten years and say this week, the 14th-weekend March or the 14th week of the year, it was worth $12 or would you take all of that down, and then you work out on an average, I guess? AlexYeah, it gives us an average in a predicted, and then we started, I mean, 30% or 20% above what it should sell for sure. CullenSo let's say you might go higher and say, put it out at $14 a kilo. How does the bidding work and how does the pricing work? AlexOkay, so we started at $14 a kilo. The auction begins, and it starts counting down every revolution of that stock clock. It takes $1 per kilo off the sales price and the first buyer, the guys you could see in the stands, the first buyer to stop the auction with a press of a button has committed to buying at least one box at the price they stopped the auction house. Descending price auction Sydney Fish Market CullenOkay, so let's say the prices spiraling down, is that right? CullenIt goes down and let's say somebody says, 'okay', I'm buying it at $12, and then I guess it's competitive in the sense that people say, oh well look like you know, I better get a name because I didn't know how many boxes there. CullenIs that how it works? AlexYou don't know what your competitor is prepared to pay. That keeps the prices high. That's a very important aspect of this doctrine otherwise if the price plummets, that seafood will go elsewhere next week. AlexSo we don't know what their profit margins are, and they can still make a living, but those guys do pretty much to the dollar. AlexSo the second it becomes profitable to someone and the harder working businesses tend to be more profitable. AlexThe second it becomes profitable to someone it's sold, and we move on to the next one. CullenFantastic. And it looked like it was a big market today? AlexYeah, you can safely say you saw a big market, we would have got 80 to 85 tons today. AlexI'm a fisherman, so I don't want to overestimate these things. But at least 3000 boxes over a hundred different species is a bustling day. Seafood Crates Sydney Fish Market CullenAnd what makes today a big market compared to other days when it's not a big market. What affects the size of the market. AlexSure AlexFridays are traditionally the biggest day of the week for the auction because we don't hold an auction on the weekends and people tend to buy seafood on the weekends. It's a Friday evening, Saturday morning, Sunday morning thing. CullenAdditionally, I noticed, we met down on the floor it was a real bustle going on there. There was a tour down there? Were you giving a tour? AlexYeah, we had a large school group from New South Wales from the central West. They had a four-and-a-half-hour, five-hour drive for them to get here. Fortunately, they got in yesterday evening. Otherwise, we would have had 30 increasingly disinterested schoolchildren staring me down. CullenBut they looked pretty interested. AlexThey were fascinated. Considering they are 300 kilometres from the sea, they were all really switched on about that. They asked a lot of good questions. Obviously, they wanted to try more seafood. We had a very engaged group out here which was fantastic to see. AlexIf I'm in the kayak at two in the morning and it's in the middle of winter, and I'm getting rained on, I might begin to have moments of doubt. But then on quickly I hook up, and I'm in love again. AlexI like to fish in my kayak. I like to go camping for a few days at a time. I really would like to just get stuck in and after doing this job for a week, not talk for three days straight. But yeah, just come back all salty and happy. CullenAnd so what sort of fish are you catching? AlexAt the moment there's a lot around, particularly in the Pittwater in Hawkesbury, but there's always big Flathead and Whiting. AlexCaught about a 73-centimeter Flathead the other day. There is also plenty of Squid. CullenAlso, what's a favourite fish for you to cook? What do you love cooking? AlexThat's like picking a favourite child. AlexIf I had to pick a fish, it would be the Pearl Perch. It's a part of the Glaucosoma family, and there's only three in it. They're scientifically known for this sweetness. Their a beautiful, bright white flesh, and you can cook it a million different ways.

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An untold story from Sydney’s Fish Market is an episode from EATT Magazine podcast by EATT Magazine podcast.

This episode is 22:14 long.

This episode was published on Mar 31, 2019.

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