On-the-Ground Update

The Onagawa Market Began Delivering Farmed Coho Salmon From Miyagi Prefecture on March 13, 2023

Anna Mochizuki
Published Mar 16, 2023
On March 13, 2023, the Onagawa Market (Onagawa Town, Miyagi Prefecture) began unloading farmed coho salmon from Miyagi Prefecture for the first time this season (March to July 2023). The listing volume on the same day was about 4T, an 11% increase from the first catch of 2022. The whole amount became Miyagi salmon that had undergone ikijime treatment. The average unit price stood at USD 7.77/kg (JPY 1,035/kg), the same level as the first catch of 2022, mainly due to inquiries for raw consumption.

It is the second year in a row that the average unit price of the first listing reaches the USD 7.51 (JPY 1k) level. Although the supply-demand balance appeared to be loosening, with the unit price of competing Chilean coho salmon weakening, the market remained at a high level due to uncertainties about the future of imported raw materials due to the unstable situation in Ukraine.
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