Japan tuna price plunged overnight

According to data released on the website of the Tokyo Central Wholesale Market, the average price of fresh Aomori tuna in the Toyosu Market on August 25 plummeted 24% from a day earlier, and the price per kilogram is currently 9,383 yen, about 467 yuan.

The Nikkei business daily reported that in late August, the price of abalone was 10,000 yen to 20,000 yen per kilogram (about 500 yuan to 1,000 yuan), and some areas were about 30% lower than the same period last year. In addition, the price of scallops has also shown a weakening trend.

China’s complete suspension of Japanese seafood imports is one of the important factors leading to the price collapse.

According to statistics from the Imperial Data Bank of Japan, the target of China’s control measures has expanded from the original 10 prefectures in Japan to the whole country, and it is expected to affect at least 700 food-related companies engaged in fishing, agriculture and food processing.

The Japanese government’s original plan to expand Japan’s annual exports of agricultural, forestry, aquatic products and food to 5 trillion yen by 2030 is likely to fail.