Japan Fishing Industry Reels After China’s Fukushima Embargo

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Japan’s fishing industry is getting hit with falling prices and growing uncertainty after the Chinese government imposed a ban on the country’s marine products in response to its decision to release wastewater from the Fukushima nuclear site into the Pacific Ocean.

China is the largest single market for Japanese seafood exports at 87.1 billion yen last year, according to government trade statistics. Among the most popular products are scallops, tuna, sea urchin, snapper and sea cucumbers or namako.

“It’s tough, but we have to try,” he said. “Companies that export exclusively to China have nothing they can do.” “Products that were exported to China must be sold domestically or sold to other countries such as Thailand, Vietnam and Singapore,” he said. “As competition in other countries intensifies, fish prices are likely to fall.”

 

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