TUNA – LIGHT CHUNK

Prices for skipjack raw material dropped sharply and unexpectedly in the middle of February in both Thailand and the Philippines. Fishing boats were queuing up in Bangkok with very little interest from the canneries to purchase additional fish. The factories have been sitting with their freezers packed to capacity with skipjack raw material. From a level of $1120 per metric ton in January, raw material pricing has reached a low of $900 per metric ton.

McLane Global continues to urge customers to be aggressive in the purchase of canned tuna. Retail packs are now very close to the extremely attractive price points which have been available from arrivals in the U.S. at the beginning of this year. It is expected that a sudden spike will occur in pricing once the major brands enter the market and purchase raw material at these significantly reduced levels.

Source: McLane Global Report