Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

High cost of oil affects sushi prices

by Tony Sagami on June 5, 2008

in Asian Market

There is no question in my mind that rising energy prices will work their way into the prices of all goods and
services.

Look at what is going to happen to the price of my favorite food — sushi!


The fuel costs for so-called long- range tuna ships have doubled in a year, the Financial Times quoted Japan Tuna, an industry group, as saying. A fifth of Japans 360 ships may suspend fishing for four
months from July. A further 140 ships in Taiwan, the mainland and South Korea have already decided not to fish,
according to the Organization for the Promotion of Responsible Tuna Fisheries.

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