Editor’s recap: Coronavirus causes seafood prices to dive, speed of yellowfin drop ‘shocking’

Published 2020년 6월 8일

Tridge summary

The article provides an overview of the significant developments in the seafood industry during the past week, highlighting price drops in yellowfin tuna, skipjack tuna, and salmon due to the COVID-19 pandemic's impact on foodservice demand and production. The article also covers the situation in Japan, where sushi-grade tuna prices have fallen, and the US, where shrimp imports have increased despite restaurant closures. Additionally, it discusses the reopening of the Atlantic Ocean for commercial fishing under President Trump's order, which challenges other seafood industry relief efforts. Finally, it mentions The Waterbase's financial challenges in India, attributed to the pandemic's effects on shrimp production and export markets.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Tom Seaman, editorial director of Undercurrent News, brings you a roundup of the main stories from the previous week., As the coronavirus pandemic causes the prices for various seafood species to dive, the speed of the drop in yellowfin tuna is especially pronounced. The COVID-19-driven drop in foodservice demand for yellowfin globally has wiped €500-€550 per metric ton from price levels in the past month, sources told me last week., Prices for 10-15 kilogram brine-frozen, whole round, yellowfin tuna delivered to Spain for canning are at €1,800-€1,850/t, down from €2,350/t at the start of May, sources said. The last time the prices were in this range was June 2015, when they dropped to €1,700/t, according to the prices section on our new data page, which goes back to the start of 2012., Meanwhile, prices for skipjack tuna delivered to the Asian processing hub of Bangkok, Thailand have dropped again for June deliveries, but Manta in Ecuador is stable, sources told me., C&F Bangkok ...

Source: Undercurrent News