South Korea: Red king crab price lowered to 70,000 won per kg

The price of king crab, considered an expensive marine product, has fallen to around 70,000 won per kg for the first time in four years. This is because the amount of king crab flowing into Korea increased significantly as the United States and Europe banned the import of Russian seafood due to the outbreak of the war between Russia and Ukraine. According to Mermaid Pyoju Pirates, a seafood distribution platform on the 11th, the average price of Russian red king crab (natural, extra-large, 80% or more watering rate, 3kg or more) from Russia on the 10th of this month was 70,400 won per kg, up from 3 months ago on July 10th. It fell 41.3% compared to (120,000 won). The price of red king crab, which was maintained at a reasonable price of 115,000 won until the 18th of last month, fell by nearly 40,000 won in just one day to 77,400 won on the 19th. The price of a king crab (2.7 kg), which once soared to 300,000 won, fell below 200,000 won to 175,000 won. The reason for the significant ...