Increasing Prices of Skipjack Tuna in Thailand and Philippines

Skipjack tuna prices are rising in Thailand and the Philippines, currently exceeding $1,600 per metric ton and expected to reach $1,700 soon, influenced by trading logistics. Meanwhile, Ecuador’s ex-vessel prices remain steady at $1,650 per ton, illustrating contrasting market conditions.

In recent developments, the prices of skipjack tuna in Bangkok, Thailand, and the Philippines have witnessed a significant increase, now surpassing $1,600 per metric ton. Analysts anticipate that these costs will soon escalate to $1,700 per ton. This surge is attributed to the incomplete loads on traders’ carriers, which has led to a delay in finalizing contracts for better pricing. Conversely, in Manta, Ecuador, ex-vessel prices remain stable at $1,650 per ton, indicating a contrasting market trend.

The rising prices of skipjack tuna in Thailand and the Philippines highlight market fluctuations caused by supply chain factors. While Thailand is poised to reach higher price points imminently, Ecuador’s prices exhibit stability, suggesting varying market conditions across regions. This scenario underscores the dynamic nature of the seafood supply market, influenced by logistics and trading practices.

Original Source: www.undercurrentnews.com