Japanese scallop prices soar

Published 2024년 11월 29일

Tridge summary

Record high demand for live scallops in the Korean market has led to a surge in prices in the Nemuro area of Hokkaido, making it difficult for local processing plants to purchase enough raw materials. Prices have more than doubled compared to last year, ranging from 635 yen to 785 yen per kilogram, and even exceeding 800 yen on some trading days. The increase in South Korea's demand, the end of the early scallop harvest in the Sea of Okhotsk, and the delay in the fishing season in the Gulf of Flames have concentrated market demand in the Nemuro area, pushing prices higher. This has brought significant challenges for local processors and uncertainty about whether market prices will stabilize.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Due to the surge in demand for live scallops in the Korean market, the dock price of scallops in the Nemuro area of Hokkaido has soared to a record high, making it difficult for local processing plants to purchase enough raw materials for processing. According to the Japan Fisheries Economic News, the current scallop prices in the Nemuro area are far higher than the same period last year, and some processing plants say this situation is "unbearable" for Japanese buyers. This year, the main scallop producing areas in Hokkaido include Notsuke and Shibetsu, of which the Shibetsu area entered the harvest season in November. According to data from the Shibetsu Fisheries Association, as of November 22, the dock price of scallops ranged from 635 yen (about US$4.12) to 785 yen (about 5.09 USD), and even exceeded 800 yen (about 5.19 USD) on some trading days. This price is more than double that of last year, while the average price in the same period last year was only about 400 yen per ...
Source: Foodmate

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