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American crab prices
At the 24th Japan International Seafood Show in Tokyo from August 24 to 26, the chairman of the board of directors of Tsukiji Crab Corporation said that his company has the largest share of crabs in the Japanese market, with most of its products imported
from Russia.
The company sold crabs
worth around $294 million (€292 million) in 2019.
The Tokyo-based company has processing facilities in Chiba and Ibaraki prefectures in Japan, as well as snow crab processing facilities
in China and Indonesia.
from Russia.
The company sold crabs
worth around $294 million (€292 million) in 2019.
The Tokyo-based company has processing facilities in Chiba and Ibaraki prefectures in Japan, as well as snow crab processing facilities
in China and Indonesia.
He said the number of king and snow crabs exported to Japan, South Korea and China has increased dramatically, causing prices to fall
.
King crab slices reached a high price of 10,000 yen ($72.
71, €72.
97) last December, but are now priced at 6,000 yen ($43.
63, €43.
78).
As a rule of thumb, snow crabs are usually wholesale
at half the price of king crabs.
Kasei said the price was 5,000 yen ($36.
35, €36.
48) last year, but this year it has fallen to 2,500 yen ($18.
18, €18.
24
).
.
King crab slices reached a high price of 10,000 yen ($72.
71, €72.
97) last December, but are now priced at 6,000 yen ($43.
63, €43.
78).
As a rule of thumb, snow crabs are usually wholesale
at half the price of king crabs.
Kasei said the price was 5,000 yen ($36.
35, €36.
48) last year, but this year it has fallen to 2,500 yen ($18.
18, €18.
24
).
December is usually the peak time for prices, as many people enjoy crab hot pot (kani-nabe)
with their families during New Year's Day in Japan.
with their families during New Year's Day in Japan.
Russian crab vessels used to deliver their catch directly to ports in Hokkaido until December 2014, when a bilateral agreement came into force requiring a Russian certificate
of origin for imported crabs.
Kasei said most Russian crabs are now auctioned in Busan, South Korea, before entering Japan, but still accompanied by Russian certificates of origin and phytosanitary certificates
.
of origin for imported crabs.
Kasei said most Russian crabs are now auctioned in Busan, South Korea, before entering Japan, but still accompanied by Russian certificates of origin and phytosanitary certificates
.
Kasei said he doesn't think Japan will follow the U.
S.
ban on crab
imports from Russia.
"Because we are poor in resources, we need to import," he said
.
S.
ban on crab
imports from Russia.
"Because we are poor in resources, we need to import," he said
.
For Japanese importers, low prices are not bad
in themselves.
They can buy cheaper, and low prices should stimulate sales
.
However, most importers have frozen storage stocks that were purchased when crabs were more expensive and now have to cut prices
at a loss.
"We have a lot of losses, but are still alive because last year was a lot of profits
.
But some companies may go bankrupt," Kasei said
.
in themselves.
They can buy cheaper, and low prices should stimulate sales
.
However, most importers have frozen storage stocks that were purchased when crabs were more expensive and now have to cut prices
at a loss.
"We have a lot of losses, but are still alive because last year was a lot of profits
.
But some companies may go bankrupt," Kasei said
.
Takayuki Honda of the Hokkaido Nemuro City's Kitaroko Araki Store said that the oversupply of crabs was not bad, "In addition to our high-priced inventory, there is a loss
.
" A representative of Tajima Fishery, a producer of snow crabs in Hyogo Prefecture, Japan, said that the low price of frozen crabs in Russia has little
impact on his company's products.
In Japan, domestic snow crabs are often sold in live form and are at the heart of food tourism along the Sea of Japan, unlike
frozen slices.
.
" A representative of Tajima Fishery, a producer of snow crabs in Hyogo Prefecture, Japan, said that the low price of frozen crabs in Russia has little
impact on his company's products.
In Japan, domestic snow crabs are often sold in live form and are at the heart of food tourism along the Sea of Japan, unlike
frozen slices.
In addition to Russia, the main global sources of red king crab are Alaska and Norway
.
In Alaska, its population shortage led the state to cancel red king crab fishing
in the Bering Sea for the 2021-2022 winter.
This is the first cancellation
of the season since 1994.
Supply remains low, but the reason is unclear
.
Scientists suspect that climate change will either lead to high mortality rates, to large-scale migration to deeper waters, or into Russia's exclusive economic zone
.
Alaska's snow crab population is also declining
.
One theory is that warm waters allow predatory species like cod to move north, where they feed on juvenile crabs
.
.
In Alaska, its population shortage led the state to cancel red king crab fishing
in the Bering Sea for the 2021-2022 winter.
This is the first cancellation
of the season since 1994.
Supply remains low, but the reason is unclear
.
Scientists suspect that climate change will either lead to high mortality rates, to large-scale migration to deeper waters, or into Russia's exclusive economic zone
.
Alaska's snow crab population is also declining
.
One theory is that warm waters allow predatory species like cod to move north, where they feed on juvenile crabs
.
