Skipjack tuna prices in Bangkok have exceeded $1,600 per metric ton and are likely to hit $1,700 soon, while prices in Manta, Ecuador remain stable at $1,650 per ton. The demand and shipping status among traders in Bangkok are affecting contract finalizations.
Skipjack tuna prices in Bangkok, Thailand, are experiencing a significant increase, currently priced at over $1,600 per metric ton (CFR) and anticipated to reach $1,700 shortly. This uptick contrasts with stable ex-vessel prices in Manta, Ecuador, which remain steady at $1,650 per metric ton. According to a market source, the only factor preventing Bangkok from hitting the $1,700 mark is that traders’ shipping carriers are not fully loaded, eliminating any urgency to finalize contracts.
In summary, the price of skipjack tuna is rising rapidly in Thailand, with forecasts suggesting a peak at $1,700 per ton imminent. This situation contrasts with stable prices in Ecuador, highlighting regional market discrepancies. The lack of urgency among traders in Bangkok is contributing to this phenomenon, emphasizing a need for monitoring market dynamics closely.
Original Source: www.undercurrentnews.com
