Thailand's tuna (skipjack tuna) prices continue to rise, and the rise may continue until September

Published Jul 3, 2024

Tridge summary

Tuna prices in Thailand and the Philippines have surged to $1,550/ton or even $1,600/ton due to a 45-day fishing moratorium in the Western and Central Pacific. The price may further increase to $1,600/ton. The price of skipjack tuna, which accounts for a significant portion of the import, has seen a cumulative increase of over $250/ton since April. Despite strong fishing in the Eastern Pacific, the price of skipjack tuna in Ecuador remains $1,300/ton. Production in the Indian Ocean, especially around the Seychelles, has increased, with the price ranging from €1,250-1,300/ton for MSC-certified production.

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

Original content

A Thai source said that the price was still $1,500/ton at the end of June, and the transaction price rose to $1,550/ton in July, with some transactions as high as $1,575/ton. Another US source said that the price in Thailand and the Philippines even rose to $1,600/ton. From July 1, the Western Pacific and Central Pacific began to implement a 45-day fishing moratorium on fish gathering devices (FADs). It is expected that the arrival volume in Bangkok will slow down. The price of $1,575/ton has a support point and may even rise further to $1, 600/ton. In addition, the production in the Western Pacific has declined in recent weeks, with the average daily output of each ship less than 30 tons. Tuna prices have soared since the low point in April ($1,300/ton), with a cumulative increase of more than $250/ton in two months. Sources predict that the delivery price may rise further in September or early October, with an increase of $100-200/ton, because there may be some raw material ...

Source: Foodmate