Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

Japan sees crab prices surge as poached imports sink

byCT Report
30/12/2016
in International Customs, Japan
Share on FacebookShare on Twitter

TOKYO: Prices of crab, a sought-after delicacy in the year-end and New Year’s period, are surging because of a sharp fall in imports, especially from Russia and Alaska. Imports provide most of the crab distributed in Japan, and wholesale prices are some 30 to 50 percent higher than a year ago. Imports of red king crab, a popular variety, came to about 4,270 tons from January to November, less than half the annual record set in 2012. “This year’s red king crab imports could be on par with the level in 2015, which was the lowest in recent years,” said an official of a major fisheries company.

Imports of snow crab, another popular species, have also been falling recently, industry officials said. Crab from Russia has been dwindling due to tighter regulations on poaching and illegal exports that began about two years ago. Before that, more than 50 percent of Russian crab distributed in Japan was poached, the fisheries company official said. Ports in Hokkaido that used to be busy handling crab from Russia are now quiet. Japan-bound exports of both red king and snow crab from Alaska this year are so far down about 40 percent from the previous year, reflecting the drop in catches. “Although crab stocks in Alaska are not poor at present, catches are reduced this year to ensure sustainable use of resources in the future,” said an official from the Alaska Seafood Marketing Institute.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Shippers see temporary lull in exports

05/02/2020

Reflecting the drops from Russia and Alaska, frozen red king crab now goes for between ¥5,000 and ¥7,000 per kilogram at the Tsukiji wholesale fish market in Tokyo, up about 50 percent from a year earlier. Frozen snow crab is going for around ¥2,500 to ¥3,000, up about 30 percent. Both are being sold for more than ¥10,000 per pack at some department stores in the capital. Prices are expected to remain high for the time being because they are increasingly popular “return gifts” under the furusato nozei (hometown tax donation) system, in which people donate to the municipalities and prefectures of their choice to qualify for tax breaks and receive items or services in return, industry sources said. Normally, discount sales for crab start soon after the new year starts. This time, however, sales could be scarce, the sources said.

Tags: Japan sees crab prices surge as poached imports sink

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Toyota Motor Corp. employees work on the Crown vehicle production line at the company's Motomachi plant in Toyota City, Aichi, Japan, on Thursday, July 26, 2018. Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. Photographer: Shiho Fukada/Bloomberg

Toyota SA to invest over R4 billion in car assembly and parts

byadmin
05/02/2020

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s...

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

byadmin
05/02/2020

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...

Next Post

India’s crude oil imports, demand impact crude oil prices

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.