HomeLatestPrice of Japanese summer season favourite on the rise

Price of Japanese summer season favourite on the rise

Eating grilled eel is a summer season custom in Japan. It’s mentioned to assist construct stamina and supply aid from the warmth. But this yr, folks could have to chop again on the delicacy as costs of domestically sourced eel are on the rise.

A authorities survey discovered that the retail worth of 100 grams of grilled home eel was about 1,460 yen, or 10 {dollars}, in Tokyo’s 23 wards final month. That’s up 13 p.c in yen phrases from June of final yr.

The rise is partly resulting from greater buying and selling costs of juvenile eel. The Fisheries Agency says poor catches have precipitated costs to rise 14 p.c from final yr, reaching 2.5 million yen, or about 17,600 {dollars} per kilogram.

Wholesalers say greater transportation prices are additionally placing upward stress on costs. They say retailers could enhance gross sales of eel imported from China as a extra reasonably priced possibility.

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