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March 15, 2014

Japan

Traders Anticipate Lower Shrimp Prices

 

In Japan, the steep rise in shrimp prices seems to be over.  Shrimp prices have fallen about 10% from their peak level in the fall of 2014, and demand for shrimp has declined as consumers resist prices that nearly doubled since this time last year.

 

Japanese trading houses and other buyers are now moving to clear their inventories based on their anticipation of lower prices in the days ahead.

 

Retailers have not been able to pass the price increases onto their customers because the price increase was so steep.  An official of a major fresh fish store chain in the Tokyo metropolitan area said that it stopped large-lot shrimp bargain sales.  A shrimp wholesaler at Tokyo’s Tsukiji fish market noted that demand for shrimp had dropped at least 20-30%.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Japanese Traders Clearing Shrimp Inventories in Anticipation of Lower Prices.  March 14, 2014.

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