Skipjack tuna prices in Bangkok, Thailand, are climbing above $1,600 per metric ton, potentially reaching $1,700 soon, following a trend attributed to trader shipping delays. In contrast, prices in Manta, Ecuador remain stable at $1,650 per ton, illustrating varying market conditions in these locations.
In recent weeks, the prices of skipjack tuna in Bangkok, Thailand, have surged above $1,600 per metric ton, with projections indicating that they may soon reach $1,700 per ton. This increase has been attributed to lagging shipments from traders, who currently lack the urgency to finalize contracts as their carriers are not fully loaded. Conversely, in Manta, Ecuador, ex-vessel prices remain stable at $1,650 per ton, reflecting a stark contrast in pricing trends between the two regions.
In conclusion, the rise in skipjack tuna prices in Thailand highlights market fluctuations, driven by inventory issues among traders. While Bangkok anticipates reaching higher prices, Ecuador’s steady ex-vessel rates suggest differing market dynamics at play. These developments emphasize the importance of monitoring tuna pricing trends in both regions for stakeholders engaged in seafood trade.
Original Source: www.undercurrentnews.com
