Mintec to launch new monthly Mintec Benchmark Prices (MBP) for Thai skipjack tuna

All Market Notes 16 February 2023

Following a period of market feedback, Mintec has decided to launch new monthly Mintec Benchmark Prices (MBP) for Thai skipjack tuna caught in the Western Central Pacific Ocean (WCPO) region and landed in Thailand. The new assessments will begin publication effective Thursday 2nd March 2023.

The initial proposal was announced in a market note published on 31st January 2023, which can be viewed here.

The full specifications for the new assessments are as below:

The new assessments will reflect the transactable value at 16:00:00 London time.

Skipjack tuna is the most globally consumed tuna species, 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.