News

The record volume of seafood imports from Russia to Japan has sparked anger among Canadian politicians

Seafood
Japan
Russia
Canada
Published Jun 7, 2023

Tridge summary

The previous record high volume of seafood imports from Russia to Japan was recorded in 2018, when Japan imported 140.2 billion yen (1.03 billion US dollars, 950 million euros). The volume of imports that year reached 124,437 tons, which is 13.8 percent more than in 2017. Japan's imports from Russia in 2022 included 11,073 tons of snow crab, worth 32.6 billion yen ($240.1 million, €221.3 million).

Original content

Japan also imported almost 21,000 tons of pollock roe, a raw material for the production of Japanese food products "mentaiko" (spicy caviar) and "tarako" (salted caviar), worth 22.3 billion yen (US$164.28 million, 151.3 million Euro). Other products in significant quantities included sockeye salmon, king crab and sea urchin. US President Joe Biden ordered a ban on the import of Russian seafood on March 11, 2022, and it went into effect on March 25. While the decline in Russian crab imports - along with falling snow crab numbers in parts of Alaska - would seem to create a big opportunity for Canada, inflation has dampened Americans' appetite for luxury products. Exports of Canadian snow crab to the US grew by just 7 percent in the first three months of 2023. After the US imposed a ban on crab imports from Russia, Japan and South Korea quickly took advantage of the fact that the Russian product was suddenly available at low prices, resulting in many distributors stocking up at a ...
Source: Fishretail
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.