Nigeria Imports $69.39m Frozen Fish From Japan

Nigeria has imported a total of N34.7 billion ($69.39 million) Mackerel fish from Japan between 2019 and June 2021 despite tight import restriction by the Federal Government. Frozen Mackerel exports were fairly steady in the first half of the year as Nigerian importers abandoned Norway and shifted to Japan’s Mackerel species, which is far cheaper.
 
The H1’21 export value of JPY 1.5 billion ($13 million, €11 million) was 13 per cent higher than the corresponding period in 2020 and up just one per cent from that of 2019. Data obtained from International Trade Statistics (ITS) indicated that Japan had overtaken Norway by 73.87 per cent since 2018 on fish export to Nigeria.
 
The data revealed that Japan’s fish exports to Nigeria rose from $1.04 million or 2.14 per cent in 2016 to $48.62 million (97.8 per cent) in 2018. Its export to Nigeria in 2017 was $28.57 million. It was gathered that Pacific Mackerel from Japan, which was $850 per tonne, is 43 per cent cheaper than the prices of Norwegian Mackerel specie sold at $1,500 per tonne…
 
More details through:
https://www.newtelegraphng.com/nigeria-imports-n34-7bn-frozen-fish-from-japan/
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