Sources say that due to Thailand's failure to reach a reciprocal tariff trade agreement with the United States, large canneries are being cautious in their purchasing, with rumors suggesting that the Thailand-US agreement will be announced on July 4th. The United States is Thailand's largest tuna canned export market.
"We haven't heard the latest news from Bangkok recently, though a few transactions were completed last week. Small canneries made some purchases at $1,550/ton, while large processing enterprises have not yet reached a consensus on this month's prices," said an Asian source.
In the Philippines, non-GSP tuna prices remain stable at $1,630/ton.
"Large Thai canneries are currently negotiating bulk contracts, with expected final prices in the lower range of $1,500-$1,600 per ton; small factories have slightly higher purchase prices," another source said. The recent US-Vietnam agreement with a 20% tuna tariff is expected to provide market momentum.
In Manta, Ecuador, skipjack prices in week 27 remained stable at $1,600/ton, with the Eastern Pacific set to enter a 72-day FAD closed season on July 29th.
European market tuna prices remain relatively stable, with Indian Ocean skipjack at €1,600/ton and Atlantic skipjack at €1,550/ton; yellowfin tuna prices are also stable, ranging between €2,200-2,250/ton.
In Seychelles, sources suggest prices might increase by €50/ton, with local fishing slowing and supply expected to tighten as processors discuss various aspects.
Sources also noted that Atlantic and Indian Ocean fishing has slowed, with a price increase trend, with some Spanish fishing companies selling skipjack raw material at €1,400/ton. However, some believe that significant price increases are unlikely, and the market would only accept a gradual price rise.