123 The price of grilled eel, known as “Unagi Kabayaki,” is increasing in Japan due to the rising cost of eel fry caused by resource scarcity and the surge in fuel and feed expenses. The traditional day for eating Unagi Kabayaki was July 30, and prices of the delicacy had risen by 10 to 20 percent at stores and supermarkets in Japan compared to 2022. Last month the eel cuisine restaurant Shirakawa in Nagoya City raised the prices of about 20 dishes, including grilled eel rice bowls and eel bento boxes, by about 5 percent. The popular Hitsumabushi saw its price increase from 2,950 yen (HK$162) to 3,100 yen. The reason was the sharp increase in the prices of eel fry, electricity, and labor. Despite the further increase in prices, sales of eels remain robust. A supermarket manager said: “The hotter the weather, the better the sales of eels. The sales volume is even better than last year.” The higher-than-usual temperatures across the country are forecast to continue until August 21. You Might Be Interested In Is the US dollar on its way out? Israel-Palestine Conflict Ripples: Global Economy, India-Israel Trade, and Financial Markets on Alert Jokowinomics headed for a third term – What we know Global Economic Strategy Shift Sparks Concern: Developing Nations at a Crossroads Amid Rising Security-Driven Policies China’s property woes to lower GDP for several years: Economist China VC deals plunge, on track for worst pace in more than seven years
