Thai tuna trade teeters on the brink Thai tuna packers face a depressed over the summer, for more reasons than just plentiful fish supplies. The raw material price has been dropping steadily from the US$850 a tonne mark towards a likely US$750 trough, with good fishing and the prospect of more to come. Finished goods have been repriced on the water, suggesting the market risks a collapse. There are already large stocks in Europe and the UK, while demand remains soft. Thai prices have sunk so far that a US packer has suspended work to buy in bulk. But the Thais stand to lose some of their longstanding business from John West following the arrival of Chris Leschewski in Paris to lead the Heinz European Seafood operation. {{PROVISIONS }}

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