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Price relationships for imported abalone in the Japanese market

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  • The rapid increase in abalone production and importing of farmed products may pose a serious threat to wild abalone producing countries, as it could cause negative pressure on prices. This paper investigates the price relationships for imported abalone in the Japanese market and the implications for wild abalone producing countries, using a co-integration framework. The results indicate that the fresh abalone imports from 6 major countries with different production types (wild or farmed) are within the same market: that is, there is a single market for all imported fresh abalone in the Japanese market, and thus substitution from one to another to some degree. Although no evidence was found for the farmed abalone from South Korea leading the import prices, the existence of a single market suggests that a fall in prices of one product or a country due to increased production can affect the prices of all abalone from other import countries or species in the Japanese market.
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  • Hoshino, E. Price relationships for imported abalone in the Japanese market. In: Visible Possibilities: The Economics of Sustainable Fisheries, Aquaculture and Seafood Trade: Proceedings of the Sixteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 16-20, Dar es Salaam, Tanzania. Edited by Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2012.
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  • AQUAFISH, USAID, NEPAD Planning and Coordination Agency, Norad, The World Bank, Hyatt Regency Dar es Salaam, NAAFE, World Wildlife Fund, United Nations University Fisheries Training Programme, ICEIDA, JICA, JIFRS, The European Association of Fisheries Economists, International Seafood Sustainability Foundation
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