Global demand for canned tuna continues to decline in January

Published Jan 12, 2024

Tridge summary

Global demand for canned tuna remains low, causing prices to drop in Bangkok and Manta. The Pacific region is expected to have stable raw material supplies, and Thai and European canneries are operating efficiently. Tuna prices in the European market have also decreased, with average catches reported in the Indian Ocean.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Demand in the global canned tuna product market remains very sluggish, resulting in prices falling further.​ Industry sources said the Bangkok transaction price fell to $1,450/t in January and has been on a downward trend for several months; at the same time, in Manta (Ecuador), the price of raw materials also fell to $1500-1550/ton. The industry forecasts that supplies of raw materials in the Pacific region will remain stable for the foreseeable future, and at this time of year, global market demand is relatively stable, with Thai and European canneries operating efficiently. In addition, the price of tuna in the European market has also decreased. The ...
Source: Fishretail
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