Global: Skipjack tuna prices remain firm and could rise further

Published 2024년 12월 2일

Tridge summary

Global tuna prices are stable with skipjack prices on the rise in major processing centers like Bangkok and Manta, despite a fishing ban that has reduced activities. The price for December delivery in Bangkok is predicted to be close to $1,600 per ton, and in the Philippines, MSC-certified skipjack tuna costs over $1,700 per ton. Yellowfin tuna prices vary by region, with Spain at $2,500 - $2,550 per ton and Italy at around $2,600 per ton. However, market demand is currently low, and blood-mercury levels in canned tuna in Europe have been found to exceed EU limits, prompting calls for stricter regulations and testing. In the Indian Ocean, skipjack prices have dropped due to increased catches, while in the Atlantic, prices are similar to the Indian Ocean.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As November draws to a close, global tuna prices remain stable, with skipjack prices in major processing centers such as Bangkok and Manta showing an upward trend. In Bangkok, an important global tuna processing hub, skipjack prices remained between $1,550 and $1,580 per ton in the last two weeks of the month. Market sources pointed out that prices for December delivery may be close to $1,600/ton. In General Santos City, Philippines, the price of skipjack tuna caught by Philippine vessels and certified by the Marine Stewardship Council (MSC) has reached $1,700 per ton or more. Meanwhile, in Manta, Ecuador, the price of skipjack tuna delivered alongside the ship is currently stable at $1,650/ton after a brief rise to $1,700 per ton last week. Although the 72-day fish aggregating device (FAD) fishing ban that began in November has reduced fishing activities, sufficient stocks and continued catches have kept prices stable. Industry insiders pointed out that prices in the Asian market ...

Source: Foodmate