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    Home > Food News > Food Articles > Affected by the conflict between Russia and Ukraine, the price of imported seafood in South Korea soars

    Affected by the conflict between Russia and Ukraine, the price of imported seafood in South Korea soars

    • Last Update: 2022-04-18
    • Source: Internet
    • Author: User
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    From SeafoodMedia on March 14, South Korea’s per capita consumption of aquatic products is very large.
    As the conflict between Russia and Ukraine continues, the price of aquatic products that South Korea relies heavily on imported from Russia has also risen.
    Partly imported from Russia, the price trend of this aquatic product has recently caught the attention of Korean consumers .
     
    Dried mantae, which is made from fresh fish through air-drying and other processes, is a very popular snack among Korean people.
    At present, a bag of dried mantae is priced at 7,500 won, or about 40 yuan, which is comparable to the previous price of less than 6,000 won.
    Compared with the previous week, many consumers said that it was a bit expensive, and the price of minnow, which is used to make soup, rose by 10%-20% compared with the previous week
    .

     
    Pollock produced in Russia accounts for more than 90% of South Korea's imports.
    Affected by the situation in Russia and Ukraine, many seafood products in South Korea's aquatic market are facing the risk of insufficiency, and the prices of cod, king crab and other seafood produced in Russia are also facing pressure
    .
     
    Salmon imports from Northern Europe have also skyrocketed due to airfreight pressure, and some European airlines are diverting salmon to South Korea to avoid affected routes
    .
    In the context of the recent rise in international oil prices, the extended flight time has further increased transportation costs
    .

     
    The price of imported salmon in South Korea surged by about 60 percent last week
    .
    Some sashimi shops have had to remove their signature "Norwegian salmon" from their menus, and restaurants have also removed salmon salads
    .

     
      Retailers in South Korea are closely monitoring the supply and demand of imported aquatic products
    .
    The three major supermarket chains said that stocks of aquatic products from Russia could be maintained for some time, but if the situation continued for a long time, the possibility of depletion of stocks could not be ruled out
    .

     
      Relevant government departments are closely monitoring the price trends of aquatic products and plan to activate emergency reserves if necessary
    .
    Aquatic products import price consumers
     
      Dried mantae, which is made from fresh fish through air-drying and other processes, is a very popular snack among Korean people.
    At present, a bag of dried mantae is priced at 7,500 won, or about 40 yuan, which is comparable to the previous price of less than 6,000 won.
    Compared with the previous week, many consumers said that it was a bit expensive, and the price of minnow, which is used to make soup, rose by 10%-20% compared with the previous week
    .
     
      Pollock produced in Russia accounts for more than 90% of South Korea's imports.
    Affected by the situation in Russia and Ukraine, many seafood products in South Korea's aquatic market are facing the risk of insufficiency, and the prices of cod, king crab and other seafood produced in Russia are also facing pressure
    .
    seafood
     
      Salmon imports from Northern Europe have also skyrocketed due to airfreight pressure, and some European airlines are diverting salmon to South Korea to avoid affected routes
    .
    In the context of the recent rise in international oil prices, the extended flight time has further increased transportation costs
    .

     
      The price of imported salmon in South Korea surged by about 60 percent last week
    .
    Some sashimi shops have had to remove their signature "Norwegian salmon" from their menus, and restaurants have also removed salmon salads
    .

     
      Retailers in South Korea are closely monitoring the supply and demand of imported aquatic products
    .
    The three major supermarket chains said that stocks of aquatic products from Russia could be maintained for some time, but if the situation continued for a long time, the possibility of depletion of stocks could not be ruled out
    .

     
      Relevant government departments are closely monitoring the price trends of aquatic products and plan to activate emergency reserves if necessary
    .
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