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Crab meat prices drop in Japan as Russian imports flood market

Seafood being diverted to Asian markets after U.S. imposes ban

Dec 04 (Nikkei) - The cost of crab meat has dropped dramatically in Japan, where it is considered to be a winter delicacy, due to a surge in Russian imports that have been shut out from other markets due to sanctions.

Imports account for the majority of the crab meat consumed in Japan. Russian-caught snow crabs now fetch about 2,000 yen ($14) per kilogram in the wholesale market, down 33% from 2022's average. ...continue reading

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