Hit by China's import ban, Japanese fishery turns to European, American, and Southeast Asian markets

Sea Belt

Seafood

Japan

China

Published Aug 27, 2023

Tridge summary

China's ban on imports of Japanese aquatic products following Japan's decision to discharge nuclear-treated water from the Fukushima nuclear power plant into the Pacific Ocean has caused the price of Japanese seafood to plummet. Japan's seafood exports to China reached 87.1 billion yen last year, making China its largest seafood export market. As a result of the ban, Japanese seafood industries are now looking to shift their focus to other markets, such as Europe, the United States, and Southeast Asia.

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 General News) After Japan decided to discharge the nuclear treatment water of the Fukushima nuclear power plant into the Pacific Ocean, the price of Japanese aquatic products plummeted due to China’s ban on imports. China is Japan's largest seafood export market. According to Japan's official trade statistics, the export scale reached 87.1 billion yen (approximately S$810 million) last year. The most important products include scallops, tuna, sea bream, sea urchins, and sea cucumbers. wait. According to data from the Tokyo Metropolitan Central Wholesale Market website, on August 25, the day after the start of the nuclear treatment water discharge procedure, the average price of fresh Aomori tuna in the Toyosu market fell by 24% from the previous trading day to 1 kg per kilogram. 9383 yen. A person from a Hokkaido company that operates export business to mainland China and Hong Kong said that the company had financial problems and planned to close down and lay off 20 ...

Source: Zaobao