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    Home > Food News > Food Articles > The price of tuna in Bangkok increases, which may drive the price increase in Ecuador

    The price of tuna in Bangkok increases, which may drive the price increase in Ecuador

    • Last Update: 2021-12-02
    • Source: Internet
    • Author: User
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    The price increase of tuna in Bangkok may drive the price increase in Ecuador
    .
     
    In November 2021, the price of tuna (bonito) raw materials in Bangkok, Thailand increased by $200/t month-on-month, and the purchase transaction price of canned food manufacturers was in the range of $1,500-$1,530/t (CNF), and some suppliers raised their quotations to $1,550/t
    .
     
    An American trader said, “Thai canners have higher costs (due to the epidemic, Thai processing plants are facing labor shortages and rising costs).
    Unless it is necessary to purchase, it is unlikely to continue to increase prices
    .

     
    "Canneries, especially large producers, do not want to increase the price of raw materials, but all commodities are rising, especially freight and fuel
    .
    " Another industry said
    .

     
    "Due to the high prices, some buyers chose to skip November
    .
    The supply of raw materials was insufficient, and the catches of the fishing industry dropped significantly.
    The Eastern Pacific region initiated the second fishing moratorium
    .
    " An Asian source said
    .
     
    In Manta, Ecuador, the current price is stable at $1,600-$1,650/t.
    The industry expects that the price will rise to $1,700/t before and after the fishing moratorium
    .
    On November 9th, 50% of the fishing boats in the East Pacific production area had to rest at the port, and the fishing rest period lasted as long as 72 days
    .


    Tuna price
     
    In November 2021, the price of tuna (bonito) raw materials in Bangkok, Thailand increased by $200/t month-on-month, and the purchase transaction price of canned food manufacturers was in the range of $1,500-$1,530/t (CNF), and some suppliers raised their quotations to $1,550/t
    .
     
    An American trader said, “Thai canners have higher costs (due to the epidemic, Thai processing plants are facing labor shortages and rising costs).
    Unless it is necessary to purchase, it is unlikely to continue to increase prices
    .

     
    "Canneries, especially large producers, do not want to increase the price of raw materials, but all commodities are rising, especially freight and fuel
    .
    " Another industry said
    .

     
    "Due to the high prices, some buyers chose to skip November
    .
    The supply of raw materials was insufficient, and the catches of the fishing industry dropped significantly.
    The Eastern Pacific region initiated the second fishing moratorium
    .
    " An Asian source said
    .
     
      In Manta, Ecuador, the current price is stable at $1,600-$1,650/t.
    The industry expects that the price will rise to $1,700/t before and after the fishing moratorium
    .
    On November 9th, 50% of the fishing boats in the East Pacific production area had to rest at the port, and the fishing rest period lasted as long as 72 days
    .

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