Tuna prices in Japan fall on weak holiday demand

Prices of frozen bigeye tuna at Tokyo’s Tsukiji wholesale fish market, which had increased over the summer, fell 13 percent, to JPY 700 (USD 7.55, EUR 5.25) per kilogram, in the last week of December.

Prices are usually higher in December, with strong holiday demand, but this year the trend has reversed and year-end consumption of luxury foods slumped due to the depressed economy.

In October and November, bigeye tuna supplies were 10 to 20 percent lower than in the same period last year, but the…


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