The Japanese market, the third largest shrimp market globally, - TopicsExpress

The Japanese market, the third largest shrimp market globally, continues to import less shrimp as a result of the yen devaluation beginning in December 2012. In late September 2014, the yen dropped to a six year low at yen 110 equal to $1.00 creating panic in the market. Prices have also started to move up in yen along the distribution chain, causing serious concern in the trade prior to the year-end high consumption season. Prices are expected to increase further by 10 percent due to this factor, which is a bad news for marketers in Japan. The import price of farmed shrimp has already increased by $3.00 per kg during the June-September period. shrimpnews/FreeReportsFolder/NewsReportsFolder/WorldShrimpIndustry2015FirstHalf..html

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