Skipjack tuna prices in Bangkok, Thailand, have risen to over $1,600 per metric ton and are expected to reach $1,700 soon due to logistics issues delaying contract finalizations. In contrast, Manta, Ecuador, maintains a stable ex-vessel price of $1,650 per ton.
In Bangkok, Thailand, the cost and freight (CFR) prices for skipjack tuna have surged, recently surpassing $1,600 per metric ton. Industry observers anticipate that prices will soon reach $1,700 per ton. The increase is primarily influenced by delays among traders, as a source indicated that the current situation is due to the carriers not being fully loaded, which diminishes the urgency to finalize contracts.
In comparison, ex-vessel prices in Manta, Ecuador, have remained steady at $1,650 per metric ton. This contrast highlights the significant price movements in the Southeast Asian market, where demand and logistical challenges continue to drive costs upward.
The rise in skipjack tuna prices in Thailand illustrates the volatility of seafood markets, exacerbated by logistical constraints affecting contract finalization. With projections to reach $1,700 per ton, stakeholders in the industry must navigate these developments closely. In contrast, prices in Ecuador indicate a more stable market environment, providing a point of comparison for industry experts and traders alike.
Original Source: www.undercurrentnews.com
