Canners continue to drive down raw material costs, and Thai bonito delivery prices may fall further in October

Published 2023년 9월 27일

Tridge summary

The price of Bangkok tuna (bonito) may continue to be low in October due to improved production in the Indian Ocean and Western Pacific and canners insisting on keeping raw material prices down. Some industry insiders believe that the price will remain around $1,800/t in early October, while others say it could be negotiated between $1,700/t and $1,750/t. Fishermen are resistant to these lower prices. Meanwhile, production has increased in the Indian Ocean and Western Pacific, but consumer demand remains weak. In the Seychelles, the October delivery price is between €1,525/t and €1,550/t, but it may fall below €1,500/t. The price in Manta, Ecuador is generally around $1,950/t, while in Spain it is stable at €1,850/t to €1,900/t.

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Original content

Sources said that Bangkok tuna (bonito) prices may continue to be under pressure in October, with production in the Indian Ocean and Western Pacific beginning to improve, and Thai canners insisting on keeping raw material prices down. In September, the price in Bangkok was in the $1,800/t range. In the short term, industry insiders are divided on the price trend. European processing plant executives believe that the price in Bangkok will still be around $1,800/t in early October; but there are also voices saying that in October The delivery price is still being negotiated, and the price is between $1,700/t-1,750/t. However, fishermen are very resistant to this price. A US trader said that the overall price in Bangkok from the end of September to the beginning of October was still $1,800/t, but large customers have been trying to lower the price to 1,700/t, and finally completed some transactions. In recent months, the price of tuna raw materials has dropped ...

Source: Foodmate