Sources say that from a supply perspective, the catch situation in the Western Central Pacific is not good, with recent weeks seeing unsatisfactory fishing yields. From October 4 to 8, at the Angula Food Exhibition in Europe, the negotiation atmosphere for the canned food market was rather cold, with short-term market sentiment leaning low and some uncertainty present. Raw material prices have shown some upward trends, and whether the downstream market can accept this remains a question.
In Manta, Ecuador, the price of tuna raw materials rose to $1,700 per ton in September, reaching a new high in nearly two years.
Sources indicate that recent transaction prices have been between $1,725 and $1,750 per ton, with some reaching as high as $1,775 per ton. Supplier quotations are at $1,800 per ton, with higher quotations coming from suppliers in the Atlantic and Indian Oceans.
International buyers typically compare price trends in Bangkok and Ecuador. If the catch situation in the Pacific remains unable to improve and Ecuadorian prices continue to stay firm, global market dynamics will change again, with the possibility of a strong upward trend increasing in the coming weeks.