Seychelles is an archipelago country in the Indian Ocean. The capital of the 115-island country, Victoria

Skipjack and yellowfin tuna prices decreased slightly

SEYCHELLES
Tuesday, October 22, 2019, 19:20 (GMT + 9)

VASEP,  the Vietnam Association of Seafood Exporters & Producers, inform that the  Seychelles frozen skipjack and yellowfin tuna prices are balanced as both supply and demand work better together. This is reflected in the relative reduction in prices of skipjack and yellowfin tuna in the Seychelles compared to the market in Bangkok, where the skipjack price surpassed the $ 1,000 / ton threshold again this year.

Prices of skipjack tuna> 1.8kg in Seychelles on October 15, 2019 fell to about 1,000 EUR / tonne (equivalent to 1,102 USD / tonne), down 3% from the previous price in September. Yellowfin tuna> 10kg in Seychelles decreased slightly by 1.7% to 1,750 EUR / ton (equivalent to 1,929 USD / ton).

Photo: courtesy seychellesnewsagency.com

The quota for yellowfin tuna exploitation in the Indian Ocean region has almost been reached. Industry sources expect the Seychelles vessels to stop operating in October while the EU vessels will stop operations in November. The vessels will then return to their home port in Spain and France for maintenance at local shipyards. The 2020 mining season will be delayed until February or even March, depending on demand because inventories will be high at the end of November and therefore some fin net owners will not rush to start operations.

The yellowfin tuna resource in the Indian Ocean (IO) is still at a red alert. At the recent IOTC meeting, no further measures to restore its resources were approved. The monitoring of yellowfin tuna fishing quotas has been disrupted by fishing companies who are active in both the Atlantic and IO regions and transfer their catches to fishers. their own machine. Some parties consider the IOTC management measures in place to be ineffective and, in their view, will eventually undermine the fisheries sector.

Photo: courtesy seychellesnewsagency.com

The control of skipjack catch in the IO area also needs to be improved. Ships can still sell their catches to companies in countries where control is less effective.

Almost every year in September and October, supplies increase and prices decrease. However, this year the situation looks different. Prices have recovered from August to October to make up for the annual fall in the fall. The market is in turmoil. In Bangkok, transaction activity is almost none.

For boat owners, the prices of fish in Seychelles and Bangkok are too low to cover operating costs, due to high fuel prices. Some operators are considering ceasing their operations.

Author: Nguyen Van Ha/VASEP

editorial@seafood.media
www.seafood.media

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