The bonito market remains stable in the global market, but European consumption remains sluggish

Published 2023년 9월 18일

Tridge summary

International tuna prices, particularly for bonito, are experiencing a downward trend due to the influence of canneries. Despite prices dropping to around $1,800/t in Bangkok, cannery sources believe that further reductions are necessary to boost sales. Raw material prices are expected to remain stable for the time being, with catches in the Western Pacific and Indian Ocean increasing, but uncertainties regarding future trends persist.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Suppressed by canneries, international tuna (bonito) prices continue to show a downward trend. Last week, the transaction price in Bangkok was around $1,800/t, and the price for small and medium-sized customers was $1,850/t, which was lower than the $2,000/t during the peak price period. 10%. ​ However, from the cannery's perspective, $1,800/t is still not enough to drive sales of end products. Cannery sources believe that raw material prices need to continue to fall. Ideally, falling below $1,650/t can significantly affect market dynamics. . ​ Recently, at a Spanish tuna conference, shipping company sources told UCN that raw material prices will remain stable before the end of the month and will not fall further. In the past two or three weeks, catches in the Western Pacific and Indian Ocean have increased, and whether this trend will continue is still unclear. to be observed. ​ Not only in Bangkok, Thailand, the price of bonito from other origins is also stable. In the ...
Source: Foodmate

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.