Bangkok skipjack raw material prices are climbing sharply, with prices close to historic peaks. The core driver is persistently poor catch rates across the Western and Central Pacific, with fleets spread across EEZs and high seas showing little sign of improvement. A confirmed strong El Niño through September–November is compounding the problem, warming sea surface temperatures across the WCPO and EPO in ways that typically disperse tuna away from normal fishing grounds. On top of weak catches, fuel costs are rising as Middle East conflict and constrained Strait of Hormuz flows push crude prices up, with Singapore MGO bunker prices jumping notably week-on-week — squeezing vessel owners and processors from both directions simultaneously.
