Japan tuna worth soars previous $270,000 at New Yr sale, twice final yr’s costs | World Information

The highest-selling tuna at Tokyo’s conventional New Yr public sale bought for greater than $270,000 on Thursday, practically double final yr’s worth, breaking a pandemic development of slumping demand.

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Michelin-starred sushi restaurant Onodera Group and Japanese wholesaler Yamayuki forkedche symbolic public sale after three years through which costs slumped.

Final yr’s top-selling tuna, purchased by the identical pair of bidders, went for simply 16.88 million yen, with observers blaming subdued demand as a Covid wave ripped via Japan in early 2022.

The New Yr public sale is extremely anticipated, and securing the top-priced tuna gives bidders bragging rights.

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For years, the highest bid got here from self-proclaimed “Tuna King” Kiyoshi Kimura, who paid a document $3.1 million in 2019.

However in recent times, Kimura has held again, citing the pandemic.