Japan: Setting sights on land-based salmon
Maruha Nichiro and Nippon Suisan Kaisha, or Nissui, are two of the largest Japanese seafood companies. Both companies are expected to begin their first sales of land-based cultivated salmon in Japan, according to Nikkei.
Japan currently imports 90% of salmon consumed in country. The salmon produced on land will be sold at a higher price because they can be sent live to final destinations.
Last December, Japanese parliament approved a new sectorial regulation to incentivize companies to enter into the aquaculture market. However, the new law has yet to be issued.