The population status of this species is unknown. It is believed to be a naturally small population (suspected to be less than 10,000 mature adults) and rare. A population study has never been undertaken and the species is very rarely caught by fisherman. One experienced fisherman informed that during his life as a fisherman this species was caught no more than 30 times, or not more than one or two times per year (M. Erdmann pers. comm.). The growth of its population is likely to be very slow, similar to Latimeria chalumnae. The shark fishermen at Menado Tua Island generally catch 1-2 individuals of L. menadoensis once every 5-10 years as bycatch (Erdmann and Kasim Moosa, pers. comm.). In northern Sulawesi, all fishermen are aware of this species and would report it if caught.
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