Further tuna price increases are expected as poor skipjack catches in the Western Pacific have pushed raw material costs to over $900 metric tonne.

Much of the problem has been caused by extreme weather making it impossible for the boats to go to sea.

Plentiful Indian Ocean supplies will be used by processors who can afford to
pay the additional freight cost.

This will encourage Indian Ocean prices to rise from the current $790/tonne level.

With the monsoon season ending in a few weeks, fishing in the Western Pacific will improve, resulting in more stable prices but canners have withdrawn forward offers until prices settle.


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