Argentine exec: Surimi market is 'completely destroyed'

San Arawa CEO Eduardo Gonzalez Lemmi may live in Argentina, but he's nervous about the Japanese economy.

Due to the plummeting value of the yen, coupled with the "oversupply" of Alaska pollock surimi from the Seattle area, "this year, the [surimi] market is completely destroyed," Lemmi told IntraFish.

San Arawa, which was acquired by Tokyo-based Nichimo Group earlier this year, controls more than 16 percent of the southern blue whiting quota in Argentina and nearly 8 percent of the newly-MSC-certified Argentine hoki fishery quota, both of which are used to make surimi.

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