Prices of Chilean jack mackerel in Japan remain stable.

Farmed Chilean jack mackerel prices in Japan, the country's largest market, in April show signs of stabilizing after discounts at the end of the fiscal year in March, with attempts to raise prices yet to succeed, multiple sources told Undercurrent. Wholesale prices—when importers sell the product to the first wholesalers and processors—for frozen Chilean jack mackerel (H&G) fell by 20-40 yen ($13-25 USD) per kilogram in March compared to February levels for both the standard size of 4-6 pounds and the main size of 6-9 pounds, UCN reports. This decrease was caused by some importers lowering prices on stock to obtain cash before the end of the fiscal year in Japan in March. With the start of the new fiscal year in April, such discounts have disappeared, sources said. "The sentiment for selling H&G raw materials has changed," said an importer from Tokyo. "However, we still cannot raise the retail prices as much as we would like." Another importer noted that while the price for salmon ...