Strong demand for Japanese scallop exports, a seller's market

Currently, the fishing season for Hokkaido scallops in Japan is in full swing in the Okhotsk region, and the export price of frozen scallops has exceeded the sales price in the domestic market. A local processor said: "Demand for frozen scallops is very strong, especially in the export market, and negotiations are going well in overseas markets such as the United States, Europe and Southeast Asia. Although the 3S and above specifications are the main focus, some buyers also accept smaller sizes of scallops." This shows that it is currently a seller's market. Another processor pointed out that due to insufficient inventory last season, domestic demand in Japan is also strong, especially in the food service industry. The weakness of the yen has boosted the overall market for frozen scallops, causing export prices to even exceed domestic sales prices, which has raised concerns among local stakeholders as to whether the domestic market can keep up with the export price formation. ...