APRIL MARKET UPDATE TUNA L U I S B R I T O Catching this week has begun to normalize with an approximate ratio of 20 metric tons per vessel per day. Skipjack BKK price is at $1300/mt. The supplier indicated delays in Thailand ports due to vessel unloading traffic. Because of this delay, there will be fewer vessels out catching in the ocean now, so pricing will need to be monitored closely. For yellowfin, market price remains at $2300 - $2400/mt while the demand is slow. Albacore is at $2,525 as FCF announced and there are very few transactions in the market. Regarding Ecuador’s fishing, EPCO skipjack level is $1,450/mt which its gap is back to normal compared to BKK.
ARTICHOKES B R E NT D ANI E L S ON Peru: In the southern region of Arequipa, artichoke production has faced a one-month delay due to adverse weather conditions (lasting 30-35 days). However, in the northern part of Peru, the outlook is more promising, with a favorable start expected in August as the new season begins. The goal is to recover from losses incurred last year and anticipate a more typical crop year. Despite these challenges, artichoke prices have remained stable. Meanwhile, Spain, still in recovery mode, anticipates a significantly reduced artichoke crop due to drought conditions, resulting in higher prices. As for asparagus, Peru expects a 20-25% loss this year due to last year’s poor season, but conditions are projected to improve by 2025. Egypt: The artichoke crop season in Egypt has concluded, and pricing remained stable. Egypt is actively working to enhance the quality of its artichokes to compete with Peru. The next artichoke season is scheduled from January 2025 through April 2025.
POUCHED MUSHROOMS Y ANNI CK ME I J E R The pouch mushrooms are in, and one of our largest national accounts has been slowly moving all their products from cans to pouches which should be fully finalized by June. We are seeing more success with our street business customers and regional chain businesses adding this item to their portfolio. Customers are picking up the item because of the savings in both price and waste reduction. Additionally, with Camerican and Atalanta merging we have an option in pouch that competes against fresh (Eco pouch) and a pouch that competes against cans (Atalanta pouch). 1