Rise in Skipjack Tuna Prices in Thailand Amid Stable Rates in Ecuador

Skipjack tuna prices in Bangkok have risen above $1,600 per metric ton, with projections to soon reach $1,700. In contrast, prices in Manta, Ecuador, remain constant at $1,650 per ton. The lack of urgency from traders in Bangkok is attributed to incomplete transportation arrangements.

In recent developments, the cost of skipjack tuna in Bangkok, Thailand, has surged, currently reaching above $1,600 per metric ton. Analysts predict prices are set to approach $1,700 per ton imminently. Conversely, ex-vessel prices in Manta, Ecuador, have remained stable at $1,650 per ton.

A source indicated that the primary reason for the delay in Bangkok reaching the $1,700 threshold is the availability of transportation. Specifically, traders are not under pressure to finalize contracts due to their carriers not being filled to capacity, allowing time for negotiation.

With rising prices in Thailand and stable rates in Ecuador, this disparity highlights differing market dynamics across regions. Stakeholders in the seafood industry are encouraged to monitor these trends closely given their implications for future pricing and supply chains.

In summary, skipjack tuna prices are experiencing significant increases in Thailand, with expectations to surpass $1,700 per ton soon. Meanwhile, Ecuador’s prices remain stable, reflecting varying market conditions. Such trends underscore the importance of vigilance within the seafood sector regarding pricing dynamics.

Original Source: www.undercurrentnews.com