Tridge summary
Increased tuna production in the West and Central Pacific has led to a significant drop in raw material prices in Bangkok, Thailand, with rates falling to $1,300/ton in March, the lowest since October 2021. The price of bonito in Bangkok has also decreased to around $1,300/ton. However, prices in the Philippines remain high at $1,650/ton, and in Manta, Ecuador, the price in March was between $1,450-1,500/ton. The Indian Ocean bonito price has also been impacted, dropping to €1,300-1,400/ton due to influences from the Asian and South American markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Due to the increase in tuna (bonito) production in the West and Central Pacific, raw material prices in Bangkok, Thailand, fell by $100/ton from the previous month to $1,300/ton in March, hitting a new low since October 2021. A Spanish cannery executive told UCN: "So far, there have only been a few transactions in Bangkok at $1,300/ton. This is definitely the lowest price. The fishing situation in the Pacific is very good." Another Thai source confirmed that the price of bonito in Bangkok has fallen to the range of $1,300/ton, with some quotes at $1,325-1,380/ton, and some buyers are further lowering the price; the price in the Philippines is still at a high of $1,650/ton. In Manta, Ecuador, the price in March was $1,450-1,500/ton, and the fishing volume and demand were relatively stable. Sources said that in the Eastern Pacific (especially Peru), the fishing volume was relatively large, but the sizes were smaller, and Ecuadorian canneries were operating at full ...
Source: Foodmate
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