Oil Price Tsunami: Skipjack Tuna, the “King of Cans”, Under Siege
Conflict in the Middle East drives up global oil prices, and the resulting cost pressures are now conducting a precise and devastating “bombardment” along the supply chain, targeting the global skipjack tuna industry. In the Bangkok market, the industry’s pricing hub, prices continue to climb amid a brutal divide: large buyers can still negotiate, while small factories are forced to buy at peak prices. Meanwhile, conditions vary drastically across global fishing grounds: the Pacific is seeing low catches, the Atlantic has entered a fishing moratorium, with Ecuador standing as a temporary “safe haven” thanks to its localized supply. Geopolitics has become the dominant uncertainty governing the fate of this globally-traded seafood commodity.