Japan: Strong Export Market Driving Prices of Frozen Hokkaido Scallop, Discouraging Domestic Buyers
The landing of scallops is at its peak in the Okhotsk district of Hokkaido. The distribution of frozen scallop adductors, the main processed product, has formed a high price range, driven by overseas demand due to declined production in the United States and the depreciation of the yen. In addition to mass retailers, domestic demand is said to be reluctant in the foodservice industry, and many processers say that the market has reached its limit, reported Minato Shimbun...
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