Weak demand in Europe and America, along with increased supply in the Indian Ocean, is driving down prices of tuna in Thailand.

Industry insiders point out that the core factor behind this round of decline is the rapid increase in production from the Indian Ocean. In recent weeks, Indian Ocean fishing activities have been active, with several large fishing companies continuing operations, leading to a significant increase in market supply; meanwhile, European and American importers have completed their preparations before Christmas, and actual demand in November has clearly weakened, further amplifying the downward pressure on prices. Another market observer noted that as some fleets approach the annual yellowfin tuna quota limit, once the quota is exhausted, some fishing vessels will suspend operations by the end of the year, which may provide some support to the market in the coming weeks. However, in the Pacific fishing grounds, although the catch rate shows a temporary improvement, there are still no obvious signs of recovery in wild resources. There has also been short-term disruption on the supply ...