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In the past two weeks, the raw material price of tuna ((skipjack) in Bangkok, Thailand has remained firm, with large-volume transaction prices above $1,200/t, and some merchants' offer even reached $1,400/t.
An American source said that the lowest price in Bangkok is $1,200/t, and the small batch price is $1,300/t. The current price does not seem to represent the real market conditions. "Atlantic production has declined, and major customers are still waiting. In addition, due to the epidemic, canning factories have experienced worker shortages, terminal product productivity has fallen, and orders have also appeared to be insufficient. Processing factories have no reason to allow raw material prices to continue to rise."
An Asian source said, “In mid-February, the price in the Philippines was between $1,250-$1,300/t, but the price rose significantly last week. The delivery price rose to $1,400/t in March, and the production in the Atlantic and Western Central Pacific was not ideal. "
In Manta, Ecuador, raw tuna prices remain at $1,650-$1,700/t. The above-mentioned American sources pointed out that the current fishing moratorium in the Eastern Pacific is coming to an end, production is expected to rebound, and the price of Manta may begin to fall.
"In the Indian Ocean, the production of skipjack and yellowfin tuna has recovered in recent weeks. The price of skipjack is about €1,050/t and the price of large-size yellowfin tuna is €1,800/t." He added.
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