High inventories and weak demand stall the European yellowfin tuna market.

From the supply side, inventory pressure persists in Europe and its main source regions. Besides the relatively high inventory in the European market itself, the stock in Manta Port, Ecuador, is also high. Given that processing companies have generally covered their raw material needs until the end of the first quarter or even March, the motivation to replenish inventory in the short term is limited. The upcoming opening of the duty-free quota window has also led some buyers to adopt a wait-and-see approach, waiting for more price-competitive incoming shipments. In the Indian Ocean, overall fishing activities remain relatively active. The catch of tuna is performing well, and although yellowfin tuna accounts for a small proportion, its supply remains stable for some fleets. Many vessels from Spain and France have not yet exhausted their annual yellowfin tuna quotas and continue to operate at sea. The vessel "Intertuna Tres," which previously operated in the Indian Ocean, has moved ...