Fish & Seafood
Tuna & Prawns
1.95
2.05
2.15
2.25
2.35
2.45
2.55
2.65
Nov 19 Feb 20 May 20 May 21 Aug 21 Nov 21
Indian Ocean Yellowfin Tuna* - USD/kg
Aug 20 Nov 20 Feb 21
8W12 - Tuna yfin wh (InO) SC
At USD 2.38/kg, the Mintec price of Indian Ocean yellowfin tuna exhibited relatively little m-o-m price
movement in November 2021, increasing by USD 0.01kg (+0.4%), reflecting comparatively balanced
supply and demand fundamentals. A stronger y-o-y increase of USD 0.33/kg (+16.0%) was evident in
November 2021, attributed to strong demand growth from Japan and Southeast Asia, as
restaurants and other foodservice vendors saw improved footfall from the previous year.
The price of Thai skipjack tuna for canning averaged USD 1,600/MT in November 2021, representing
respective growth of USD 100/MT (+6.7%) m-o-m and USD 199/MT (+14.3%) y-o-y. The 15-month
high price recorded in November 2021 coincided with resurgent demand from regional and Western
Hemisphere markets, due to logistical bottlenecks and the COVID-19 threat prompting consumer
stockpiling.
The average Norwegian prawn price increased substantially by NOK 34,715/MT (+85.5%) m-o-m in
December 2021, to an all-time high of NOK 90,116/MT. The December 2021 price also surpassed the
same period of the previous year by NOK 13,877/MT (+22.6%). This reflected high oil prices (oil being
a major cost driver) in addition to resurgent European demand during the run-up to Christmas and
the end-of-year celebrations. A subdued supply of Asian prawns to Europe provided further price
support, as it prompted further substitution from buyers toward Norwegian prawns.
At INR 357/kg, the average price of Indian prawns (60-count) increased by INR 7.0/kg (+2.0%) m-om
in December 2021, the highest price recorded for Indian prawns since March 2017. The price also
rose by INR 31.0/kg (+9.5%) y-o-y in December 2021, gaining support from domestic supply tightness
caused by reduced harvesting and processing, brought about by high levels of COVID-19. Robust
demand from the Americas and Europe provided further price impetus.
850
950
1,050
1,150
1,250
1,350
1,450
1,550
1,650
Nov 19 Feb 20 May 20 Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21
Thai Skipjack Tuna* - USD/MT
8P01 - Tuna skpj fzn >1.8kg cfr TH
220
240
260
280
300
320
340
360
380
Dec 19 Mar 20 Jun 20 Dec 21
Indian Prawns - INR/kg
Sep 20 Dec 20 Mar 21 Jun 21 Sep 21
TN60 - Prawn, whiteleg, 60 exf, Andhra Pradesh, IN
5,000
15,000
25,000
35,000
45,000
55,000
65,000
75,000
Dec 19 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Jun 21 Sep 21 Dec 21
Norwegian Prawns - NOK/MT
TS40 - Prawn coldw NO
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*November 2021 is the latest available monthly data