Skipjack tuna prices are increasing rapidly in Thailand and the Philippines, with Bangkok prices expected to reach $1,700 per ton. In contrast, Manta, Ecuador, sees stable prices of $1,650 per ton. The disparity in pricing dynamics reflects varying market conditions.
In Thailand and the Philippines, the prices of skipjack tuna are experiencing a significant upward trend, with current cost and freight (CFR) prices in Bangkok surpassing $1,600 per metric ton. Analysts anticipate that these prices will soon reach $1,700 per ton. This rise is influenced by the current condition of trader carriers not being full, which indicates there is no urgency to finalize contracts just yet.
In contrast, ex-vessel prices for skipjack tuna in Manta, Ecuador have remained stable at approximately $1,650 per ton. This price stability in Ecuador contrasts with the rising prices in Southeast Asia.
As the seafood market evolves, stakeholders are encouraged to stay informed on pricing trends to better navigate the complexities of tuna supply and demand dynamics.
In conclusion, the skipjack tuna market is witnessing rising prices in Thailand and the Philippines, potentially reaching $1,700 per ton soon. Meanwhile, the stable pricing in Manta, Ecuador, highlights differing market conditions across regions. It is essential for industry participants to monitor these trends closely to make informed decisions.
Original Source: www.undercurrentnews.com
