Middle Eastern demand boosts Thai tuna exports

Published 2024년 12월 3일

Tridge summary

Thai tuna exports have seen a significant increase in the first nine months of the year, with yellowfin and skipjack tuna imports rising by 33.20% compared to the same period in 2023. The market price for whole skipjack tuna has increased for three consecutive months due to high demand and a slight decrease in catches in the Western and Central Pacific Oceans. However, Thailand's good inventory levels may mitigate the price increase. The upcoming temporary fishing ban in the Eastern Pacific Ocean from November 9, 2024, to January 19, 2025, is expected to drive up the price of Ecuadorian skipjack tuna.

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

Original content

Year-to-date (YTD) export volumes in these markets have increased by 10.84%, 129.93% and 120.36%, respectively. Rising demand for Thai tuna has also affected other countries' imports of Thai yellowfin tuna and skipjack tuna. Imports of yellowfin tuna and skipjack tuna have increased by 33.20% this year (January-September) compared with the same period in 2023. Frozen prices for whole skipjack tuna have risen for three consecutive months since August 2024, and the current market price can be attributed to good demand in the past few months and a slight decrease in catches in the Western and Central Pacific Oceans. Market participants said that Thailand's inventory levels are good, which can moderate the momentum of price increases. Another factor that may affect Thai skipjack tuna prices is the current situation of skipjack tuna in Ecuador. . The second temporary fishing ban in the Eastern Pacific Ocean (EPO) will start on November 9, 2024 and end on January 19, 2025, a total of 71 ...

Source: Foodmate