Mintec has launched two monthly Mintec Benchmark Price (MBP) assessments for Thai skipjack tuna, effective Thursday, 2nd March 2023.
The initial proposal to launch this assessment was announced in a market note published on 16th February 2023 and can be found here and the decision to go ahead with the launch was communicated in a market note on 31st January 2023, which can be found here.
The assessment, including its specification, is:
The new assessment will reflect the transactable value at 16:00:00 London time on the last business day of the month.
Skipjack tuna is the most consumed tuna species globally, particularly as a shelf-stable canned product. The WCPO is the world’s largest skipjack tuna fishery, comprising approximately 60% of global biomass. Thailand is responsible for processing and canning the largest share of skipjack landed in the WCPO. Thailand’s importance as a key hub for importing, processing and re-exporting skipjack supports the demand for such a benchmark. These Mintec Benchmark Prices will provide an independent reference point for the industry.
Please send any questions or comments about this market note to methodology@mintecglobal.com clearly state which market note your comments relate to, and if comments are intended for publication by Mintec.
Mintec will acknowledge receipt of all comments by email.
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