Thai mackerel prices fall back, Ecuadorian yellowfin tuna gains ground across the board

In the Asian market, the Bangkok canning factory has seen a noticeable weakening in procurement prices compared to the previous few weeks. Previously, the transaction price for Indian Ocean skipjack tuna was maintained at $1,670-1,680 per ton (CFR), but the current quotation has dropped to $1,600, with some buyers even attempting to push the price down to $1,550. Industry insiders revealed, "If the current catch momentum continues, it is only a matter of time before the price drops below $1,600."

The main reason for the downward trend in Thai prices is the recovery of Indian Ocean catch volumes. In previous years, the fleet typically used up its quota by the end of October, but this year's low production in the first half of the year has slowed the quota usage progress. With the recent recovery in catches, most fishing vessels are approaching their production capacity limits, leading to sufficient market supply and naturally putting pressure on raw material prices.

In contrast, Ecuador, the main producer of skipjack tuna in the eastern Pacific Ocean, is showing a strong performance. The local catch during the fishing window period from October 9 to November 8 has rebounded, with bulk quotations remaining at $1,800-1,850 per ton, keeping the overall price stable.

At the same time, the price of yellowfin tuna in Ecuador has seen a significant increase. Wholesale prices for products that have obtained MSC certification and are exported to the EU market have risen to $1,950-1,980 per ton, with some buyers predicting that prices will continue to rise in mid-November.

In the European market, yellowfin tuna is also maintaining a strong position. Prices in the Seychelles region have increased to €1,750 per ton, while prices in the Spanish market have broken through €2,000, reflecting the stable demand for high-quality yellowfin raw materials from high-end restaurants and canneries.