<img alt="" src="https://secure.item0self.com/192027.png" style="display:none;"> Top Stories

Update: Tuna market August 2019

September 13, 2019

1 mins read

The three-month average price (Jun-Aug) of Thai skipjack tuna is significantly down, 29% q-o-q and 26% y-o-y, driven by exceptional catches in the market amid strong inventories. With the ban on catches with fish aggregating device (FAD) in July, prices started to strengthen in August.

Fishing in the Western and Central Pacific Ocean (WCPO) is slow due to the FAD ban, however, inventories at Thai canneries remain close to full capacity. As a result, prices have been falling, thus encouraging demand for Thai tuna. Consequently, imports of Thai canned tuna increased by 4% y-o-y in H1 2019. 

From weather to political, all the factors impacting the tuna market have been analysed to provide a market outlook for the next three months. Mintec’s market outlooks (schedule) provide insights on factors shaping the market dynamics of various commodities, providing the opportunity for market participants to stay ahead of factors that will impact procurement decisions.

Market Outlook

Topics: Fish & Seafood
Alana Ribeiro
Alana Ribeiro

/You May Also Like

Featured Image
The Mintec Benchmark Prices (MBP) of Chinese peanuts, unblanched...
Featured Image
Average sugar futures prices at the InterContinental Exchange (ICE)...