263 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 China rare earths dominance makes U.S. supply chains vulnerable Lincoln Financial Group’s Insights on Investor Concerns Arbitration Panel Formed to Resolve Exxon-Hess Dispute American Airlines Supports Next Generation of Aviation Maintenance Professionals with Scholarships US Fintech Coast Raises $92 Million to Enhance Product Development Mubadala and Saudi Fund Deals on US Radar, Potential China Angle Explored
