Spanish yellowfin tuna prices fall

Published 2024년 8월 3일

Tridge summary

Current cost, insurance and freight (CIF) prices in Spain have dropped to approximately €2,650 per metric ton, while in Italy, they are slightly higher at around €2,700 per metric ton. Market activity is low in southern Europe due to vacation vacations. Large Spanish vessels are taking advantage of the available schools of yellowfin tuna in the Indian Ocean, where prices have fallen to around €2,300 per metric ton. Prices in the Atlantic Ocean rose slightly to around €2,500 per metric ton, FOB Abidjan, Côte d'Ivoire. The first phase of the 72-day fishing ban has begun in the Eastern Pacific, leading to some fleets suspending operations and putting pressure on yellowfin prices, which have dropped to around €2,400 per metric ton. Buying and selling activity in Europe also drops to a minimum due to the summer holidays.

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

Original content

According to industry sources, current cost, insurance and freight (CIF) price levels in Spain have fallen to around €2,650 per metric ton or slightly higher. In Italy, CIF prices are slightly higher at around €2,700 per metric ton. However, market activity remains low this month as people in many southern European countries are on vacation. While fishing activity in the Indian Ocean has slowed down for most vessels, several large Spanish vessels continue to operate, taking advantage of the available schools of yellowfin tuna. Sources say prices for large yellowfin tuna in the Indian Ocean have fallen to around €2,300 per metric ton. The region is one of the main sources of yellowfin tuna supply to the EU. Prices in the Atlantic Ocean rose slightly to around €2,500 per metric ton, FOB Abidjan, Côte d'Ivoire. Fishing conditions in the Eastern Pacific remain very good, with yellowfin accounting for more than 30% of the total catch. However, the ...

Source: Foodmate