News

Bluefin tuna prices plummet in Japanese market

Frozen Atlantic & Pacific Bluefin Tuna
Seafood
Japan
Market & Price Trends
Published Jan 3, 2024

Tridge summary

The price of frozen bluefin tuna in the Japanese market has dropped due to an oversupply of farmed bluefin tuna in the Mediterranean region, making it more affordable for consumers. The price per kilogram of frozen bluefin tuna at Tokyo's Toyosu Wholesale Market dropped by nearly 20% compared to the previous year. Despite strong production of farmed bluefin tuna in the Mediterranean, imports have been limited due to ample stocks in Japan's frozen warehouses.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The price of frozen bluefin tuna in the Japanese market has fallen sharply recently, mainly due to the oversupply of farmed bluefin tuna in the Mediterranean region, which has flooded the market in large quantities. ​ For Japanese seafood lovers, the year-end season brings an unexpected surprise, as frozen bluefin tuna prices drop significantly, allowing consumers to purchase the rare fish at more affordable prices. According to Jiji News Agency , this price drop has been attributed to an oversupply of farmed bluefin tuna in the Mediterranean region. ​ A recent auction at Tokyo's Toyosu Wholesale Market showed that the price of frozen bluefin tuna was approximately 2,800 yen (approximately US$19.89) per kilogram, a drop of nearly 20% compared to the same period last year. ​ Mediterranean farmed bluefin tuna is raised and fed in coastal pools and has a higher fat content, increasing its appeal. In 2022, Japan's imports of this bluefin tuna increased significantly, reaching ...
Source: Foodmate
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.