Wednesday, March 16, 2011

Japan disaster imperils seafood supply

Much of the coverage in the wake of the Japanese earthquake and tsunami has focused on the effects on the automotive and electronics markets. But there's another major Asian export that will also be in short supply for some time to come.

Japan exports roughly 35 percent of its annual seafood harvest, about US$833 million worth, to the United States, the world's third-largest importer of seafood. China, the world's largest producer and consumer of seafood, is likely to take up some of the slack and higher prices can be expected to reduce demand somewhat.

The domestic US seafood industry has been in something of a slump since Hurricane Katrina and the BP oil spill in the Gulf of Mexico and many consumers remain wary of eating farm-raised fish, so it's an open question where replacement supplies will come from. Read more ...

This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers.

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