Skipjack tuna prices in Bangkok, Thailand, have increased above $1,600 per metric ton, soon to hit $1,700, while prices in Manta, Ecuador, remain stable at $1,650 per ton. Market dynamics are influencing contract closures, with carriers not yet full in Bangkok.
Prices for skipjack tuna are increasing rapidly in Bangkok, Thailand, reaching above $1,600 per metric ton (CFR). This surge is projected to push prices to $1,700 per ton soon. In contrast, ex-vessel prices in Manta, Ecuador, remain steady at $1,650 per ton, reflecting a stable market situation there. A source indicated that the lack of urgency in closing contracts in Bangkok is primarily due to traders not filling their carriers capacity.
In summary, skipjack tuna prices in Thailand are on the rise, nearing $1,700 per metric ton, while Ecuadorian prices remain stable at $1,650. The delay in contract closures in Bangkok is due to incomplete carrier loads. The contrasting price trends highlight regional market dynamics that may affect demand and supply in the seafood industry.
Original Source: www.undercurrentnews.com
