Skipjack Tuna Prices Surge in Thailand Amid Logistical Challenges

Skipjack tuna prices are climbing in Bangkok, Thailand, with projections suggesting they may reach $1,700 per metric ton. In comparison, prices in Manta, Ecuador, have steadied at $1,650 per ton. The current pricing dynamics in Thailand are influenced by logistical delays preventing traders from finalizing contracts quickly.

In Bangkok, Thailand, the prices of skipjack tuna have risen significantly, with cost and freight (CFR) rates now surpassing $1,600 per metric ton. Anticipations suggest that these prices may soon escalate to approximately $1,700 per ton. This surge in price contrasts with the stable ex-vessel prices observed in Manta, Ecuador, which remain at around $1,650 per ton. A key factor contributing to the current situation in Bangkok is the delay in contract finalization due to incomplete carrier loads, which is preventing traders from rushing to close their contracts.

As the seafood market continues to evolve, stakeholders are advised to monitor these trends closely. The rise in prices not only reflects regional supply and demand dynamics but also highlights the importance of logistics in maintaining price stability within market conditions. Ongoing fluctuations may influence the overall seafood pricing structure across various markets and necessitate strategic planning among traders and consumers alike.

In summary, skipjack tuna prices in Thailand are currently experiencing upward pressure, driven by logistics challenges and anticipated demand increases. While Bangkok nears a price of $1,700 per ton, Manta, Ecuador, remains more consistent at $1,650 per ton. Stakeholders should remain vigilant about these developments to navigate the complexities of the seafood market effectively.

Original Source: www.undercurrentnews.com