The report of Globefish has revealed that the price of tuna on the Bangkok market is now lower than in Ecuador, thereby returning to normal patterns. The price of main size whole round skipjack in Ecuador is USD 1.950/ton and in Bangkok USD1.850/ton. It is said that the fishing ban in the Eastern Tropical Pacific reduced supplies to the plants in Ecuador and prompted the importation of significant quantities of tuna from the Western and Central Pacific.
According to the report six carriers with over 20.000 tons of frozen tuna were shipped to Latin America from the Western Pacific during August and another two carriers were shipped to the Indian Ocean where poor fishing contributed to desperate purchasing decisions by the tuna processors in Mauritius.
It is said that in early September, skipjack catches in Indian Ocean improved significantly pushing the prices to €1120/ton. Globefish stressed on the 10 percent decline in the value of the Euro against the USD. The combination of the decline in the price in Euros and the USD/Euro exchange rate translates into a 15 percent decline in the USD cost of skipjack in the Indian Ocean.
In the meantime it is found that the price of cooked and frozen tuna loins in Europe continued to increase due to the increasing USD cost of raw material in Ecuador. Double cleaned yellowfin loins were sold at USD 7.950/ton, a record price level. Asian purse seiner fleets caught large number of yellowfin that lowered the market price of whole round yellowfin in Europe to Euro 1.650/ton.
