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.” |