Friday, October 18, 2013
Restaurants Hold The Shrimp As Prices Soar
TOKYO (Nikkei)--A disease ravaging shrimp farms in Southeast Asia has driven prices so high that a number of Japanese restaurants are cutting back on the seafood.
- Tenya will stop serving this.
Tenya will stop serving a bowl of shrimp tempura and rice, on Monday. Instead, the restaurant chain will offer new dishes containing less shrimp.
Explaining the move, parent company Royal Holdings Co. (8179) said it "can no longer cope with rising supply costs." The group uses shrimp farmed in Vietnam, as does Arcland Service Co. (3085), which has already pulled some fried shrimp dishes from the menu at its Katsuya chain. Sato Restaurant Systems Co. (8163), which runs the Santen chain of tempura eateries, has begun reconsidering its shrimp suppliers.
An infection called Early Mortality Syndrome has badly hurt shrimp production in Southeast Asia. Some varieties farmed in Thailand, the world's biggest shrimp exporter, are fetching record-high wholesale prices in Japan, costing roughly twice as much as last year.
(The Nikkei, Oct. 18 morning edition)