Recently, skipjack tuna prices in Bangkok have risen sharply, surpassing $1,600 per metric ton and expected to reach $1,700 soon. In contrast, prices in Manta, Ecuador, remain stable at $1,650. Shipping dynamics in Thailand are impacting contract closures, according to market sources.
In the market for skipjack tuna, prices in Bangkok, Thailand, are presently exceeding $1,600 per metric ton, demonstrating significant upward momentum. Analysts anticipate these figures could soon escalate to $1,700 per ton. Meanwhile, in Manta, Ecuador, ex-vessel prices remain steady at $1,650 per ton. A source noted, “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.”
In summary, skipjack tuna prices are on an upward trajectory in Thailand, approaching $1,700 per ton, whereas prices in Ecuador maintain stability at $1,650 per ton. The anticipation of price increases in Bangkok may be tempered by current shipping conditions. Stakeholders are urged to monitor market developments closely as they may influence tuna procurement strategies.
Original Source: www.undercurrentnews.com
