SINGAPORE/TOKYO/PARIS—Global demand for premium foods such as wagyu beef, bluefin tuna, and caviar has plunged as the coronavirus pandemic has left thousands of restaurants shuttered and many economies sliding into recession.
Because of strict lockdown measures to contain the outbreak ravages of global economic activity, the luxury food industry could be among the worst-hit, since it heavily relies on restaurants and top hotels for the demand for deluxe items from caviar to champagne.
