date:May 26, 2014
price of roe and surimi fell as the weak yen hurt Japanese demand. Demand was also sluggish for frozen pollock fillets in the European market. The company has since switched from a 50/50 ratio of surimi to pinbone-out fillet blocks to a 60/40 ratio on an expectation of increased Korean surimi sales under a U.S.-Korea free-trade agreement.
About a third of its profits came from trading business, ironically helped by higher prices for shrimp due to shortages caused by EMS. Company officials are n