Canners continue to drive down raw material costs, and Thai bonito delivery prices may fall further in October

Sources said that Bangkok tuna (bonito) prices may continue to be under pressure in October, with production in the Indian Ocean and Western Pacific beginning to improve, and Thai canners insisting on keeping raw material prices down. ​ In September, the price in Bangkok was in the $1,800/t range. In the short term, industry insiders are divided on the price trend. European processing plant executives believe that the price in Bangkok will still be around $1,800/t in early October; but there are also voices saying that in October The delivery price is still being negotiated, and the price is between $1,700/t-1,750/t. However, fishermen are very resistant to this price. ​ A US trader said that the overall price in Bangkok from the end of September to the beginning of October was still $1,800/t, but large customers have been trying to lower the price to 1,700/t, and finally completed some transactions. ​ In recent months, the price of tuna raw materials has dropped ...