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    Home > Food News > Food Articles > Seafood prices in Japan have soared, with tuna up 14% year-on-year!

    Seafood prices in Japan have soared, with tuna up 14% year-on-year!

    • Last Update: 2022-01-21
    • Source: Internet
    • Author: User
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    Japan's consumer price indexfor November 2021 shows that prices for both fresh and processed seafood have risen compared to last year
    .
     
    Prices for most species increased compared to November 2020 and October 2021
    .
    Tuna increased the most, up 14.
    1% from November 2020 and 3.
    1% from the previous month
    .
    Octopus increased by 18.
    9% year-on-year and 4.
    4% month-on-month
    .
    Scallops increased by 15.
    8% and 0.
    3%, orange fish increased by 9.
    6% and 3.
    5%, cuttlefish increased by 4.
    8% and 7.
    3%, and mackerel increased by 19.
    2%, which is a month-on-month increase of 0.
    9% compared with November 2020
    .
     
      The price information for November 2021 released by the Bureau of Statistics of Japan on December 24 showed that prices as a whole rose by 0.
    6% year-on-year, up 0.
    3% from October 2021
    .
    The overall price increase was mainly due to energy, with a slight increase in food.
    Excluding the increase in energy, real prices fell by 0.
    6% year-on-year
    .

     
      However, statistics show that seafood consumer prices rose 5.
    2% from November 2020 and 1.
    5% from October, with fresh fish and seafood rising even higher: 8, 0% in November and 2.
    4% in October
    .
     
      Prices for most species increased compared to November 2020 and October 2021
    .
    Tuna increased the most, up 14.
    1% from November 2020 and 3.
    1% from the previous month
    .
    Octopus increased by 18.
    9% year-on-year and 4.
    4% month-on-month
    .
    Scallops increased by 15.
    8% and 0.
    3%, orange fish increased by 9.
    6% and 3.
    5%, cuttlefish increased by 4.
    8% and 7.
    3%, and mackerel increased by 19.
    2%, which is a month-on-month increase of 0.
    9% compared with November 2020
    .
     
      The price increase of other varieties is slightly smaller
    .
    Mackerel increased by 4.
    1% compared to November 2020 and 4.
    3% compared to October 2021
    .
    Salmon was up 3.
    3% year-on-year, but unchanged from October, while snapper was up 5.
    6% and 1.
    7%, respectively
    .
    Shrimp increased by 0.
    4% and 1.
    3%, respectively, and clams increased by 2.
    9% and 0.
    2%
    .
     
      Not all species have increased from previous years
    .
    Sardines were down 3.
    1% year over year, but up 6% from October; mackerel was up 1.
    7% from November 2020, but down 4.
    9% from the previous month
    .
    Oysters rose 1.
    5% from a year earlier, but fell 3.
    2% from October 2021
    .
     
      Among processed seafood, price volatility is less, reflecting consumer responses to price increases
    .
     
      Statistics from the Bureau of Statistics show that the price of salted salmon rose 4.
    6% from November 2020 and 0.
    6% from October; salted cod roe (mentaiko, actually produced from Alaska pollock) rose 0.
    9% and 1.
    1%, respectively
    .
    Dried sardines (shirasu-boshi) decreased by 1.
    9% and 0.
    3%, while others (niboshi) increased by 2.
    2% and 0.
    4%, respectively
    .

     
      Dried mackerel was down year-over-year, but up 0.
    4% from October; capelin was up 3.
    9% year-over-year, but down 0.
    2% from October; salmon roe was up 19.
    4% and 3.
    6% from November 2020 and October 2021, respectively
    .
     
      Fish cakes - one of the more price-sensitive commodities - rose 0.
    7% compared to November 2020 and fell 0.
    2% compared to October
    .
    However, two fish processing experts, Nissui and Maruha Nichiro, announced price increases
    .
    Nissui will increase the price of its surimi products by up to 13%, while Maruha Nichiro will increase the price of frozen food by around 10%
    .
     
      The main reason for the reaction to some commodity price hikes is the absence of inflation in Japan's wages as wages in the country remain stagnant
    .
    According to the Organisation for Economic Co-operation and Development (OECD), annual real wages in Japan, measured in dollar purchasing power, will be around $39,000 (€34,440) in 2020, up just 4% over the past 30 years
    .
    During the same period, wages in the United States nearly doubled to $69,000 (€60,932)
    .
     
      Businesses are also facing excise tax hikes, from 3% in 1989 to 5% in 1997, 8% in 2014 and 10% in 2019, resulting in a backlash from consumers
    .
     
      Manufacturers are caught in the middle, and many are using "deflation" - reducing package content while keeping prices the same
    .

    consumer seafood
     
      Prices for most species increased compared to November 2020 and October 2021
    .
    Tuna increased the most, up 14.
    1% from November 2020 and 3.
    1% from the previous month
    .
    Octopus increased by 18.
    9% year-on-year and 4.
    4% month-on-month
    .
    Scallops increased by 15.
    8% and 0.
    3%, orange fish increased by 9.
    6% and 3.
    5%, cuttlefish increased by 4.
    8% and 7.
    3%, and mackerel increased by 19.
    2%, which is a month-on-month increase of 0.
    9% compared with November 2020
    .
    tuna
     
      The price information for November 2021 released by the Bureau of Statistics of Japan on December 24 showed that prices as a whole rose by 0.
    6% year-on-year, up 0.
    3% from October 2021
    .
    The overall price increase was mainly due to energy, with a slight increase in food.
    Excluding the increase in energy, real prices fell by 0.
    6% year-on-year
    .

     
      However, statistics show that seafood consumer prices rose 5.
    2% from November 2020 and 1.
    5% from October, with fresh fish and seafood rising even higher: 8, 0% in November and 2.
    4% in October
    .
     
      Prices for most species increased compared to November 2020 and October 2021
    .
    Tuna increased the most, up 14.
    1% from November 2020 and 3.
    1% from the previous month
    .
    Octopus increased by 18.
    9% year-on-year and 4.
    4% month-on-month
    .
    Scallops increased by 15.
    8% and 0.
    3%, orange fish increased by 9.
    6% and 3.
    5%, cuttlefish increased by 4.
    8% and 7.
    3%, and mackerel increased by 19.
    2%, which is a month-on-month increase of 0.
    9% compared with November 2020
    .
     
      The price increase of other varieties is slightly smaller
    .
    Mackerel increased by 4.
    1% compared to November 2020 and 4.
    3% compared to October 2021
    .
    Salmon was up 3.
    3% year-on-year, but unchanged from October, while snapper was up 5.
    6% and 1.
    7%, respectively
    .
    Shrimp increased by 0.
    4% and 1.
    3%, respectively, and clams increased by 2.
    9% and 0.
    2%
    .
     
      Not all species have increased from previous years
    .
    Sardines were down 3.
    1% year over year, but up 6% from October; mackerel was up 1.
    7% from November 2020, but down 4.
    9% from the previous month
    .
    Oysters rose 1.
    5% from a year earlier, but fell 3.
    2% from October 2021
    .
     
      Among processed seafood, price volatility is less, reflecting consumer responses to price increases
    .
     
      Statistics from the Bureau of Statistics show that the price of salted salmon rose 4.
    6% from November 2020 and 0.
    6% from October; salted cod roe (mentaiko, actually produced from Alaska pollock) rose 0.
    9% and 1.
    1%, respectively
    .
    Dried sardines (shirasu-boshi) decreased by 1.
    9% and 0.
    3%, while others (niboshi) increased by 2.
    2% and 0.
    4%, respectively
    .

     
      Dried mackerel was down year-over-year, but up 0.
    4% from October; capelin was up 3.
    9% year-over-year, but down 0.
    2% from October; salmon roe was up 19.
    4% and 3.
    6% from November 2020 and October 2021, respectively
    .
     
      Fish cakes - one of the more price-sensitive commodities - rose 0.
    7% compared to November 2020 and fell 0.
    2% compared to October
    .
    However, two fish processing experts, Nissui and Maruha Nichiro, announced price increases
    .
    Nissui will increase the price of its surimi products by up to 13%, while Maruha Nichiro will increase the price of frozen food by around 10%
    .
     
      The main reason for the reaction to some commodity price hikes is the absence of inflation in Japan's wages as wages in the country remain stagnant
    .
    According to the Organisation for Economic Co-operation and Development (OECD), annual real wages in Japan, measured in dollar purchasing power, will be around $39,000 (€34,440) in 2020, up just 4% over the past 30 years
    .
    During the same period, wages in the United States nearly doubled to $69,000 (€60,932)
    .
     
      Businesses are also facing excise tax hikes, from 3% in 1989 to 5% in 1997, 8% in 2014 and 10% in 2019, resulting in a backlash from consumers
    .
     
      Manufacturers are caught in the middle, and many are using "deflation" - reducing package content while keeping prices the same
    .
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