Affected by China's import ban, Japanese scallop prices fell 50% this season

Published 2024년 3월 11일

Tridge summary

Japan's Hokkaido scallop industry is facing a significant drop in prices, with benchmark shell scallop prices falling 50% year-on-year due to China's import ban on Japanese seafood. Despite drought conditions, farmers are still harvesting with a maximum daily catch of over 200 tons. The industry saw a year-on-year increase of 500 tons in the February harvest, reaching 2,500 tons, but cumulative landings by the end of the month were down 7%. The industry is also struggling to process the large harvest and is shifting production towards more cooked products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Japan's Hokkaido scallop harvest is underway, but due to the impact of China's import ban, the landed price has dropped significantly year-on-year. Benchmark shell scallop prices fell 50% year-on-year, according to the Iburi Funka Bay Fisheries Cooperative, which said the average price from the start of the season in October 2023 to the end of February this year was 159 yen/kg ($1.08/kg). , a 50% decrease from 329 yen in the same period last season. The Iburi Funka Bay Fisheries Cooperative has been in scallop harvesting season since late February. A source at the fisheries cooperative said, “Although drought has hampered the harvest, all farmers are currently harvesting, with a maximum daily catch of over 200 tons of scallops ( the sum of the five districts). In late February, tender prices for raw scallops ranged from 150 yen per kilogram ($1.00/kg) to 170 yen/kg ($1.13/kg), with some days exceeding 200 yen/kg. Prices were firm compared with early February as ...

Source: Foodmate