Tuna Prices Surge: Global Market in Panic, Price Doubling Crisis Approaches!

This week, the world's major tuna (skipjack tuna) trading market showed a trend of rising prices. This phenomenon is mainly due to supply constraints and increased demand, the price of tuna in Thailand, the Philippines and Ecuador have recovered.

According to sources, the Thai can manufacturer's purchase price range was $1,250 to $1,270 per tonne (CFR price) two weeks ago, while some offers have been raised to $1,400 per tonne this week, and deal talks are now underway. Rumors that some of the tuna is being shipped to Ecuador and Mexico have caused prices to rise in the Thai market, where industry sources say the price has exceeded $1,300 a ton.

A European buyer told UCN that prices in Thailand are on the rise, recently trading at $1,300 a tonne; In Spain, skipjack prices have remained firm at around €1,550 per tonne.

In the Eastern Pacific, more than half of the fishing fleet is closed under IATC regulations, leading to a recent increase in prices. According to sources, most bonito terminals in Manta, Ecuador are priced between $1,450 and $1,475 per ton, with some fetching as much as $1,500 per ton.

In the Indian Ocean, Spanish and French fishing vessels operate mainly in the northern part of the country, and fishing conditions are not ideal. In the Atlantic, European fishing fleets operate in different waters, including the French fleet fishing for yellowfin tuna off Ghana. The price of skipjack tuna in the European market was stable at €1,450 per tonne, while the price of MSC certified yellowfin tuna rose to €2,250 per tonne.

Yellowfin tuna prices in Asia are also on the rise, with 10-20 kg yellowfin tuna in the Philippines quoted at $2,200 per ton and 20 kg yellowfin tuna in the Vigo region of Spain quoted at 2,450 euros per ton.