Skipjack tuna prices in Thailand are rising rapidly, currently exceeding $1,600 per metric ton and projected to reach $1,700. Meanwhile, prices in Ecuador remain steady at $1,650 per ton. The current market situation is influenced by traders’ shipping capacities.
In Thailand, the cost of skipjack tuna continues to rise, with current prices expected to surpass $1,700 per metric ton soon. As of now, the cost and freight (CFR) prices in Bangkok exceed $1,600 per metric ton. This contrasts with the stable ex-vessel prices of $1,650 per ton reported in Manta, Ecuador. The increase in prices in Thailand is partially attributed to the fact that traders’ carriers are not yet fully loaded, reducing the urgency to finalize contracts.
In summary, the price of skipjack tuna is experiencing significant increases in Thailand, reaching levels over $1,600 per ton, with expectations of further rises. This trend stands in contrast to the steadiness of prices in Ecuador. Factors impacting the market dynamics include traders’ current shipping capacities, contributing to the pricing fluctuations.
Original Source: www.undercurrentnews.com
