Japan’s snow crab import volume in January was down 4 percent from last year, from 46 metric tons (MT) to 44 MT, with the average price down 8 percent from 929 yen to 850 yen per kilogram (kg). In dollar terms, that price decline is greater, reflecting the weaker yen.
“Abenomics,” Prime Minister Abe’s policy of yen devaluation, means lower prices for Alaskan crabbers. This month, Japanese buyers were offering 10 percent less than in 2012 for Alaska snow crab, reflecting the yen’s loss…
