November 18, 2016, 5:07 pm Undercurrent News
The price of imported octopus, salmon and other seafood is increasing in Japan amid growing global demand and weak supply, reports Nikkei Asian Review.
The weakening of the yen against the US dollar has also pushed up prices.
Octopus catches in Mauritania, a major supplier, have fallen by 70%-80% year-on-year, and prices in Japan have increased 24%.
Increased demand for octopus, which generally happens at the end of the year, is expected to push prices up further.
Supply of squid worldwide has also fallen. Spear squid imported from the US are selling for 50% higher than last year.
Cuttlefish are fetching prices 10% higher than earlier this year, with demand in China growing.
Frozen bigeye tuna from Taiwan is also selling for 10% more in Japan amid low supply.
Imported Atlantic salmon jumped 80% between the start of the year and September following massive salmon deaths in February and March in Chile. PrintEmailShare on FacebookShare on TwitterShare on LinkedIn
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