Skipjack tuna prices in Bangkok have risen above $1,600 per metric ton and may soon reach $1,700 per ton. In contrast, prices in Manta, Ecuador remain stable at $1,650 per ton. Delays in shipment completions have contributed to the current pricing dynamics in Thailand.
In Bangkok, Thailand, the cost and freight (CFR) prices for skipjack tuna have surpassed $1,600 per metric ton and are projected to approach $1,700 per ton shortly. This uptick is attributed to the gradual increase in demand in the region, despite some delays in contract closures.
In comparison, ex-vessel prices for skipjack tuna in Manta, Ecuador, have remained stable at $1,650 per ton. This disparity highlights the differing market dynamics affecting tuna pricing between Southeast Asia and South America.
One industry source indicated that the rising prices in Bangkok might have been higher if not for delays caused by incomplete shipments from traders, stating, “The only reason Bangkok is not yet at $1,700/t is because the carriers of the traders are not full, so they have no rush to close the contracts.”
As market conditions evolve, stakeholders in the seafood industry are encouraged to monitor these pricing trends closely, as fluctuations could impact supply chains and profitability.
In conclusion, the rising skipjack tuna prices in Bangkok signal a robust demand within the region, contrasting with stable prices in Ecuador. The noted delays in contract finalizations from traders underscore the complexities within the market that could influence future pricing and availability. Stakeholders should remain vigilant as these trends develop, ensuring they are prepared for any shifts in the market landscape.
Original Source: www.undercurrentnews.com
