Soaring Tuna Prices Hit Japanese Sushi Market Hard
SEAFOODNEWS.COM by John Sackton Oct. 5, 2017
Soaring tuna prices, especially for Bigeye and Yellowtail, are hitting all parts of the sushi market in Japan.
“Sushi is all about tuna”, Takashi Morio, an analyst at Fuji-Keizai, told Emiko Terazono, commodity reporter for the Financial Times.
Bigeye tuna costs about 1/3 as much as Bluefin, and has long been a staple in mass market sushi, especially for the conveyor sushi chains and supermarkets.
However its price is up over 30% from a year ago, while the volumes going through the Tsukiji market have fallen about 10%, according to the Tokyo Metropolitan government.
Conveyor belt sushi operators offer small plates of sashimi or nigari for Y 100; or about 88 cents US...
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