Bangkok Market: Prices Hold Steady
In Bangkok, Thailand, during the 39th week (September 22–28), the ex-vessel price for bonito remained in the same range (approximately $1,500–1,600/ton), with no significant fluctuations for several consecutive weeks. Major buyers are adopting a cautious approach, and the market atmosphere is leaning towards a wait-and-see attitude.
Manta Market: Bonito Approaching $1,800/ton
In stark contrast, in Manta, Ecuador, due to a 72-day FAD fishing ban, supply has become tight, causing the local ex-vessel price for bonito to reach $1,700/ton as early as the beginning of September, with some transactions reaching up to $1,750/ton, marking a two-year high. Although sellers are not in a hurry to raise the price to $1,800/ton, the market is widely concerned about whether subsequent catches will alleviate the upward trend.
Indian Ocean: Improved Catch, Prices Hold
In the Indian Ocean, fishing vessels reported a noticeable improvement in catch conditions this week, particularly in the waters west and north of the Seychelles. Bonito prices are around €1,300/ton, while yellowfin remains at €1,750/ton. Despite the increase in catch, there are no signs of a price drop.
Yellowfin Market: Ecuador Aims Higher, Europe Holds Steady
Ecuadorian yellowfin sellers are attempting to push the export price to Europe up to $2,300–2,350/ton CFR, but buyers are clearly resisting, relying on their inventory to support current purchases. The FOB price in Manta remains at $2,050–2,150/ton, with large fish (over 40 kg) trading near $1,900/ton at local ports.
In Europe, yellowfin prices in Spain and Italy have stopped falling and are maintaining their current levels. One shipowner revealed that despite abundant yellowfin catches in some parts of the Indian Ocean, transaction prices remain stable, with bonito at €1,300/ton and yellowfin at $2,170/ton or above.