Tuna prices remain stable, global raw material supply remains abundant

Published 2024년 4월 1일

Tridge summary

Recent reports highlight varying fishing conditions across the globe, with the East and West Pacific experiencing favorable conditions that have led to low prices and significant contracts between international retailers like Lidl and Ecuadorian canneries. Despite a stable supply in Bangkok and active fishing in Peru, the upcoming Easter creates uncertainty around April delivery prices. Challenges are noted in the Indian Ocean and Atlantic due to small bonito sizes and a fishing moratorium, while European fishing costs struggle against Asian competition, prompting operational changes among Spanish companies. Additionally, a drop in olive oil prices has eased some production costs. A notable development involves a Chinese company losing its dolphin-safe certification after a report by the Environmental Justice Foundation, impacting its dealings with US and European processing plants.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sources said that fishing conditions in the East and West Pacific have been good recently, prices are at lows in recent years, and some international retailers have begun to sign large purchase contracts. German retailer Lidl has signed large orders with several Ecuadorian canneries, including Nirsa , Eurofish, Tri Marine’s Seafman Sociedad Ecuatoriana de Alimentos and Tecopesca, among other companies, purchased up to 1,500 containers. From the perspective of supply, Bangkok's supply is still very sufficient; fishing activities in Peruvian waters are very active, with bonito accounting for 70% of the catch. The fishing progress is relatively smooth, and the fuel and time spent returning to port have been saved. With the arrival of Easter in the West, , there are some variables in April delivery prices. Considering the sufficient supply, prices will either remain stable or fall slightly in the future. Prices in other production areas are under pressure. In the Indian Ocean region, ...
Source: Foodmate

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