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December 24, 2014

Japan

Dramatic Drop in Shrimp Consumption

 

In the 1980s, Japan imported nearly half of all the shrimp produced in the world.  Over the last two decades, however, its shrimp imports have dropped 50%.  Sales volume in 2014 may dwindle by more than 20%, compared to 2013.

 

What happened?  The price of shrimp increased 50%, and now the value of the yen continues to drop, making shrimp too expensive for the average consumer.

 

An executive of a major Japanese shrimp wholesaler says he is beginning to feel that the age when shrimp was a cheap, readily available commodity has come to an end.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Traders Ask if Era of Shrimp as a Mass Commodity Is Over in Japan as Imports Fall 50%.  July 14, 2014.

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