Tuesday, June 14, 2011

Shrimp Market Report - May 2011

After a strong rebound in 2010, the current year looks likely to set new trade records for shrimp thanks to strong demand and rising prices.

Japan

The tragic earthquake and accompanying tsunami in Japan is affecting world markets for food. Japan is the world’s single largest importer of fish and fishery products, and in the short term, the damage to infrastructure and the disruption in transportation and electricity transmission is negatively impacting imports, distribution and consumption of chilled and frozen products.

The earthquake and tsunami have also destroyed many fishing zones and fishing vessels, thereby reducing Japan’s ability to catch and produce fish locally. Fish processing plants have been damaged as well. 

The 2009 combined production of marine capture fisheries and marine aquaculture of the three most affected prefectures was 446 000 and 198 000 tonnes, or 11 and 17 percent respectively of the total Japanese production.

A reduction of 80 percent in production can be expected in those affected areas as a result of the tsunami. It must be borne in mind that Japan is heavily dependent on imports as well for its fish consumption so the contribution of the affected areas to total supply is actually far less. Read more ...

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

Enhanced by Zemanta

No comments:

Post a Comment