Rising Skipjack Tuna Prices in Thailand While Ecuador Remains Stable

Skipjack tuna prices in Bangkok, Thailand, have risen above $1,600 per metric ton and are expected to reach $1,700 soon, primarily due to unfilled tuna carrier inventories. In contrast, prices in Manta, Ecuador, remain stable at $1,650 per ton.

In Bangkok, Thailand, the cost and freight (CFR) prices for skipjack tuna have surpassed $1,600 per metric ton and are projected to reach $1,700 per ton in the near future. This rise in prices is attributed to factors including the current inventory levels of tuna carriers, which are not yet fully loaded, thus delaying traders from finalizing contracts. In contrast, the ex-vessel prices in Manta, Ecuador, remain stable at $1,650 per ton, indicating a slight divergence in market trends between these regions.

The recent surge in skipjack tuna prices in Thailand signals a noteworthy trend in the seafood market, driven by fluctuating inventory levels and demand. While prices approach $1,700 per ton in Bangkok, stability is observed in Ecuador, highlighting varying market dynamics. Stakeholders in the seafood industry are advised to monitor these developments closely as they may affect trading strategies.

Original Source: www.undercurrentnews.com