UNAGI, a Japanese cuisine favorite, faced a surge in raw material costs in 2023, with eel prices nowover RM20,000 per kilogram. This fact is indeed true, particularly regarding baby eels, or elvers, which reached a staggering price of at least US$2,000 per pound in May 2023.
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Eel prices skyrocket
Fortune magazine reported the high demand for this crucial supply, driven by overfishing depleting global sources. Maine, a key U.S. state for legal elver catching, witnessed fishermen capitalizing on this scarcity. The expensive raw stock poses challenges for eel farms worldwide, impacting the beloved unagi dishes enjoyed across the globe.
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