Seafood prices skyrocket as the air cargo flights from Norway to South Korea are blocked

Published 2022년 3월 14일

Tridge summary

The article highlights the significant increase in the prices of aquatic products, including Norwegian salmon, pollock, and king crab, due to the Russian invasion of Ukraine. The rise in prices is attributed to the closure of Russian airspace, which is a common route for importing Norwegian salmon, and restrictions on deep-sea fishing for Russian pollack. As a result, the wholesale price of raw Norwegian salmon has surged by 87% in the past three weeks, leading to supermarkets raising the prices. Additionally, the retail price of frozen pollack has also increased by 12.9% in the same period, affecting catering companies and food companies that rely on these products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Due to the Russian invasion of Ukraine, prices of aquatic products such as Norwegian salmon, pollock, and king crab, which are highly dependent on Russian imports, are rising. A customer is shopping at the Yangjae branch of Nonghyup Hanaro Mart in Seocho-gu, Seoul on the afternoon of the 14th. Seoul = News A Japanese-style rice bowl restaurant in Seodaemun-gu, Seoul has removed sake-don (salmon bowl) from the menu from the 10th. That's because the wholesaler has raised the price of Norwegian salmon by more than 40% in the last two weeks. The customer sent an official letter stating, “In the worst case, salmon supply may be interrupted,” saying, “Air cargo flights from Norway to Korea are blocked, so only a quarter of orders are coming in.” As Russia's invasion of Ukraine enters the third week, the prices of imported seafood such as salmon and pollock are soaring. Norwegian salmon is mainly imported by flights via Russia, but air fares have become expensive due to the closure of ...

Source: Donga