Skipjack tuna prices are rapidly increasing in Thailand, currently above $1,600 per metric ton in Bangkok and projected to hit $1,700 soon. In contrast, ex-vessel prices in Manta, Ecuador, remain unchanged at $1,650 per metric ton. Logistical challenges are influencing trading speeds without immediate contract closures.
In recent weeks, the price of skipjack tuna in Thailand has surged, with cost and freight (CFR) prices in Bangkok exceeding $1,600 per metric ton. Analysts predict that these prices may soon rise to $1,700 per metric ton. This increase stands in stark contrast to the stable ex-vessel prices observed in Manta, Ecuador, which remain at $1,650 per metric ton. Industry insiders note that movements in the market may be influenced by carrier logistics and contract closures.
The rising prices of skipjack tuna in Thailand highlight significant trends in the seafood market, fueled by logistical issues rather than demand alone. While Bangkok prices climb towards $1,700 per metric ton, stability in Ecuador suggests varying market conditions across regions. Understanding these dynamics is crucial for stakeholders navigating the seafood trade today.
Original Source: www.undercurrentnews.com
