Japan imported more than 29,300 metric tons (MT) of frozen shrimp in the first-quarter of this year, up by 5,000 MT year-on-year, although it should be noted that in Q1 2015 the country’s imports of this product – its preferred format –were at a five-year low. This trend is because the yen has been weak against the U.S. dollar since the end of 2013, making import prices higher in Japan despite the price decline in the international market.
Furthermore, the January through March period is …
