News

Crab meat prices drop in Japan as Russian imports flood market

Frozen Crab
Seafood
Japan
Regulation & Compliances
Russia
Market & Price Trends
Published Dec 3, 2023

Tridge summary

The cost of crab meat in Japan has decreased significantly due to an increase in Russian imports, as other markets have implemented sanctions. Imports make up a large portion of crab meat consumed in Japan. The price of Russian-caught snow crabs has dropped about 33% from the previous year's average.
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

TOKYO -- The cost of crab meat has dropped dramatically in Japan, where it is considered to be a winter delicacy, due to a surge in Russian imports that have been shut out from other markets due to sanctions. Imports account for the majority of the crab meat consumed in Japan. Russian-caught snow ...
Source: Nikkei
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