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    Home > Food News > Food Articles > Tuna raw materials maintained an upward trend, and fishing in many parts of the world slowed down

    Tuna raw materials maintained an upward trend, and fishing in many parts of the world slowed down

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
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    In December, the price of tuna (bonito) raw materials in Bangkok, Thailand, entered an upward channel, according to UCN sources, the price of $1,600/mt was traded last month and is expected to rise to $1,700-1,750/mt
    in the coming days.
     
    "The price of deliveries rose to more than $1,700/mt in December, and for fishermen, the high cost of fuel meant they had to sell for more than $1,600/mt to make money
    ," said a head of a large fishing company in the Bangkok area.
     
    Another Asian source pointed out that the trading price has risen to $1,710/ton on Tuesday (November 29), and on Wednesday (November 30), MSC-certified raw materials in Bangkok rose to $1,850/ton, and the Philippines rose to $1,900/ton
    .
    "All fishing in the Pacific seems to be moving to the western seas, and anything could happen if fishing starts in the eastern Pacific as well, but if the fishing industry (Ecuador's] fishing industry remains the status quo, we think prices will continue to be strong
    .
    "
     
    A number of industry insiders predict that tuna prices are unlikely to fall
    in the short term.
    "Skipjack production is also declining due to lower fishing activity, but this year's catch rate for yellowfin tuna is significantly higher
    ," a U.
    S.
    trader said.
    I see no reason why prices will fall from December to January as fishing slows in the tropics of the Atlantic, Indian and eastern Pacific Oceans, leading to reduced
    supply.
    Suppliers will have a good reason to keep overall prices at least at the December level
    .
     
    In Manta, Ecuador, bonito recently traded at $1,850-1,900/mt
    .
    A Spanish businessman said: "According to the latest report, only about 31% of fishing vessels are still operating at sea, and the second fishing moratorium (VEDA) this year has already come into effect
    .
     
    In the Indian Ocean, the number of fishing vessels will increase by the end of the year, as the industry needs to meet all yellowfin tuna quotas by the end of the year, local canneries are relatively tight, and cold chain companies are waiting for the catch to arrive and ship it to various destinations
    .
    Prices in the Seychelles and Abidjan region of Côte d'Ivoire are around €1,400/mt
    .
     
    The US source said that canneries in the West African region are also replenishing their stocks, and the supply of bonito raw materials will shrink
    with the arrival of the FAD fishing closure.
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