Drop in Global Demand Affects Indian Yellowfin Tuna Exports to Vietnam During June and July 2023

June and July 2023 witnessed a global shortage in processed tuna products, leading to a notable reduction in buyer demand for whole-round Yellowfin tuna among Vietnamese processors. As a primary supplier of raw materials to Vietnam for this specific tuna variety, India experienced a decline in its tuna exports to the country. Consequently, a surplus of Yellowfin tuna has emerged among exporters, further compounded by subdued domestic consumption. Despite these challenges, exporters have chosen to maintain current prices, anticipating a demand resurgence by late August or early September 2023.