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, sources said.
At the Infofish tuna conference, an Asian supplier told UCN: "The price in Bangkok fell to $1,600/mt in October, and some processing plants even drove down to $1,550/mt
.
We expect November deliveries to move into the $1,500/mt range, with incoming prices approaching $1,500/mt for large buyers and around $1,600/mt for smaller traders
.
”
.
We expect November deliveries to move into the $1,500/mt range, with incoming prices approaching $1,500/mt for large buyers and around $1,600/mt for smaller traders
.
”
At present, the decline in the price of tuna raw materials has become a general expectation in the industry, but there is uncertainty
about the decline cycle and the decline rate.
Some merchants believe that the final price will fall to the $1,400/mt range in the coming months, but for the industry, the raw material price fluctuates frequently between $1,400/mt and $1,900/mt, which appears to be unstable
.
about the decline cycle and the decline rate.
Some merchants believe that the final price will fall to the $1,400/mt range in the coming months, but for the industry, the raw material price fluctuates frequently between $1,400/mt and $1,900/mt, which appears to be unstable
.
On the other hand, the price of Ecuadorian manta stabilized at $1,850-1,900/mt, widening
the price gap between Thailand and Ecuador.
The purchasing power of European consumers has also declined due to currency depreciation (dollar appreciation), putting further pressure
on the tuna market.
the price gap between Thailand and Ecuador.
The purchasing power of European consumers has also declined due to currency depreciation (dollar appreciation), putting further pressure
on the tuna market.
One source said: "When prices in one market weaken, it also has a negative impact
on other markets.
But I don't think Ecuadorian prices will change much in the short term, as the Eastern Pacific moratorium continues, and the proportion of yellowfin tuna caught remains high
.
”
on other markets.
But I don't think Ecuadorian prices will change much in the short term, as the Eastern Pacific moratorium continues, and the proportion of yellowfin tuna caught remains high
.
”
