South Korean eel industry concerns about the second urea water crisis

Published 2022년 1월 17일

Tridge summary

The eel industry is facing potential challenges due to high reliance on natural catches and foreign imports, with harvesting numbers dropping significantly in Japan, Taiwan, and China for the second year in a row. This could lead to a situation similar to the urea water crisis. The small production numbers in Japan have led to soaring prices, and the industry is grappling with profitability issues. Authorities are considering measures to stabilize the supply and demand to prevent a crisis. The situation is further complicated by the expansion of the import market, which accounts for nearly half of the domestic production.

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Original content

High dependence on foreign countries... Need for stable supply and demand measures Concerns have been raised that the second urea water crisis could be repeated in the eel industry, drawing attention. As complete aquaculture technology has not been commercialized for eel farming, the proportion of natural catch of fry eels and dependence on foreign countries are very high. In the midst of this, the harvesting of eels this year has been sluggish for the second year in a row following 2021, which is expected to affect stocking. In addition, the situation is the same in the overseas eel market, so there is talk that the second urea water crisis can be reproduced in the eel industry. Until December of last year, it was found that the harvesting volume of eels in Japan, Taiwan and China had plunged by 70-80% compared to the previous year. In fact, the number of Japanese eels produced in 2022 is very small, around 1,000. Accordingly, in Japan, the price of eel is 2 million ...

Source: Susantimes