Ecuador: Tuna catches grow, prices fall rapidly

The increase in tuna catches in the East Pacific has had an impact on prices. Although tuna catches in the East Pacific have increased recently, reduced demand in the European market has put considerable pressure on processors, especially in Ecuador. In Tajikistan, due to the dual impact of increased fishing and falling prices in Bangkok, Thailand, the price of bonito has dropped to US$1,850 per ton, and is likely to further drop to US$1,800 per ton before the end of the month. However, due to limited raw material stocks in processing plants, Prices will not drop significantly. ​ Industry experts predict that prices in the region may continue to fall due to good fishing conditions ahead of the upcoming "veda" or fishing moratorium. Currently, Ecuador's fishing fleet is actively operating, with almost all vessels fishing . ​ According to the Inter-American Tropical Tuna Commission (IATTC), every large seine vessel fishing for tuna in the Eastern Pacific must stop fishing during ...