Short supply raising shrimp prices in Japan
SEAFOODNEWS.COM [Nikkei] - August 25, 2014 -
TOKYO, Frozen shrimp prices are on the rise as supplies have taken a hit from a disease outbreak in Thailand and other producer countries. These high prices are also due in part to purchases made by U.S. and European buyers who bought on a temporary dip up to June.
The price for benchmark Thai whiteleg shrimp is up 20% from early June. This has in turn prompted a rise in the price of larger black tiger shrimp.
Many low-priced sushi establishments, including popular conveyor belt sushi restaurants, however, appear not to be passing higher costs on to customers. "We haven't hiked prices, even last year when costs started going up," said an official with the sushi chain Kura Corp. They appear to be shielded from wild price...
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