Tuna prices came out the gate in 2021 lower than they've been in years.
Last month, frozen whole skipjack raw material prices were $1,200 (€992) per metric ton based on Bangkok landingsThat's an 11 percent drop, year-on-year. The last time the price in January was this low was in 2016 when it was $1000 (€826) per metric ton.
Prices may have been pushed down by the record level of canned tuna imports in 2020.
Meanwhile, NOAA just released data for 2020 and US imports of canned tuna jumped 27 percent year-on-year to reach 205,105 metric tons.