Production increases, Thai tuna prices continue to fall

In December, the delivery price of Bangkok tuna (bonito) dropped another $50-100/t to $1,500/t. If production continues to rise, the price may fall further. ​ Sources said that the fishing output in the Western and Central Pacific region is good and the supply of canneries is stable. If the fishing situation remains good in the future, prices in Bangkok will fall further. In Europe, the canning industry is going through a difficult period and terminal sales are full of challenges. Companies face rising olive oil prices, high interest rates and resistance from supermarkets to price increases. ​ In Manta, Ecuador, the price dropped to $1,650-$1,700/t in December. Some Ecuadorian manufacturers are purchasing raw materials from the Western Pacific, and the fishing conditions in the Eastern Pacific are relatively good (currently 30% of fishing boats are still in port for rest), so the Ecuadorian price will not Much higher than Bangkok. ​ Fishing activities in the Indian Ocean ...