Global: Production in the Pacific increases, canneries lower prices, and bonito raw material prices continue to decline

Recently, the production of tuna (bonito) in the West Pacific and Central Pacific has increased significantly, and Thai canneries continue to lower prices. Prices in Bangkok have fallen back, and prices are expected to fall further next month. ​ At the same time, the European canned industry is going through difficult times, including difficulties in shipping goods due to weak demand, rising olive oil prices, rising bank interest rates, and resistance from supermarkets to rising prices. ​ According to sources, the price of bonito for delivery in Bangkok, Thailand, in November has fallen below $1,600/ton, and some forecasts indicate that the price will drop to $1,500/ton in December. ​ "The latest price in Bangkok is $1,550/ton, and I heard it will soon drop to $1,500/ton. In the past few weeks, fishermen have reported that the production in the West Pacific region is relatively good, and the East Pacific is also good." ​ In Manta, Ecuador, the price of bonito this month is ...