Japanese scallops banned by China are popular among Americans

Published 2024년 8월 26일

Tridge summary

Japanese scallop prices are on the rise due to increased domestic consumption and surging exports to markets such as North America and Southeast Asia, with the United States seeing a 64% increase. This is despite the Chinese Communist Party (CCP)'s ban on seafood imports from Japan, which led to a 20-30% drop in scallop prices last year. The surge in demand is attributed to the high demand for sushi and other dishes that use scallops. Despite the CCP's trade restrictions, Japan's scallop exports have seen growth in various markets, with a significant fall in exports to China. The Japanese government is also encouraging the processing of scallops in Mexico for the U.S. market.

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

Original content

[Epoch Times August 26, 2024] (Epoch Times reporter Xia Yu comprehensive report) Nearly a year ago, the CCP’s ban on seafood in Japan caused scallop prices to be depressed, but now Japanese scallop prices are rising, mainly due to increased domestic consumption in Japan and a surge in exports to markets such as North America and Southeast Asia, with exports to the United States increasing by 64%. In August 2023, due to the discharge of wastewater from the Fukushima nuclear power plant into the sea, the CCP began to ban the import of seafood produced in Japan, and the market wholesale price of scallops once plummeted by 20% to 30%. Scallops are Japan’s main product, and China was once the largest destination, accounting for half of the total. According to Nikkei Asia News on August 25, there is currently a high demand for yubei (fresh scallops that have been quick-frozen) in the Toyosu market in Tokyo. This shellfish is used in sushi, tempura, Chinese cuisine and other foods. The ...

Source: Epochtimes