Skipjack tuna  prices jump as fishermen look for ‘revenge’

Deals for skipjack tuna  are being done at $1,750 per metric ton as the market keeps getting hotter.  Tuna traders are known to have pushed for $1,800/t, but accepted a lower level.  Some had sold at $1,750/t.
The fish being bought at  the $1,750/t level is for September, so sources have speculated prices could  rise even more for October deliveries.
In April, skipjack  prices hit $1,110/t and sources said they would most likely “bounce around this  level for the next month or two,before starting a slow climb up”.

The bounce  has not really happened, and the prices have rocketed back up. Deals were  done at between $1,250 and $1,275t for May at the end of April. By early June, prices had already hit $1,600/t. And there is more up in July.
“When  the prices go so low in the cycle, the fishermen look for revenge,” the source said, “this rapid increase in prices was not  expected.”

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