Demand for bluefin tuna falls in Japan

Published 2024년 3월 14일

Tridge summary

The Tokyo central market has seen a significant drop in the wholesale price of frozen bluefin tuna, with a 40% decrease in the retail price of chu-toro sashimi imported from Malta. This suggests a sharp decline in consumption of these products, with the average import price in January being 50% less than the previous year. The decrease in demand for large cuts of tuna sashimi in Asian markets, including Japan, South Korea, and China, coupled with an increase in domestic tuna farming, are believed to be the main factors behind this price drop.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to monthly data from the Japan Fisheries Information Center, the temporary wholesale price of frozen bluefin tuna at the Tokyo central market, including Toyosu, fell to 3,084 yen/kg (domestic and imported fish combined). Wholesalers at Toyosu Market said that "price declines are much greater than in 2008, and the retail market has slowed down." The research center's weekly retail trade report showed that chu-toro sashimi (medium-fat tuna) imported from Malta was selling at 798 yen ($5.32) per 100 grams in Tokyo supermarkets in February. Compared to 1,280 yen in December 2022, the drop is even greater - about 40%. The data shows a sharp decline in the consumption of frozen bluefin fillets from Malta, one of the largest tuna farms in the Mediterranean. The average import price of products in January was 1,963 yen/kg, which is 50% less than last year. A Tokyo-based tuna importer said demand for large cuts of tuna sashimi had slowed in Asia, including Japan, South Korea and ...
Source: Fishretail

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