Tuna Market Intelligence - Issue 42

MARKET UPDATE

Bangkok sources say skipjack prices have remained stagnant at US$1400 per metric tonne for a number of reasons including a weakening Euro.

World Tuna purse Seine Organisation Chairman Francisco Tiu Laurel said the market was speculating down as industry players do not need much fish: "They are waiting for September to October to bid on fish prices after the Fish Aggregating Device closure.”

Parties to Nauru Agreement (PNA) Commercial Manager Maurice Brownjohn said  with markets being lack lustre we can expect no major changes in the short term.

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INFLUENCERS REPORT

PNA Ministers head to Kiribati

Parties to Nauru Agreement Ministers head to Kiritimati in Kiribati this week for their annual meeting. With the theme for this year’s Annual Meeting, building on the gains for the PNA and maximizing theopportunities for the future, a major focus will be on all aspects of the Vessel Day Scheme.

PNA will also explore opportunities for the Parties to invest in a PNA FishServe as the corporate entity for theirFisheries Information Management Systems in which Parties will hold shares, and investigate possibilities of capitalizing the VDS shares. The meeting will discuss how these gains in particular to the VDS are also being eroded by the limited controls on the high seas.

These hot issues will also join other regular agenda items like the review of the Vessel Day Scheme, benchmark price for fishing days, purse seine catch vs. effort, Western and Central Pacific Fisheries Commission issues and others.

This will also be the first time the PNA as a group will be hosted by the newly appointed CEO.

The meeting will be held from July 20-28.

Canner fancies PNG a tuna capital

The head of  tuna company RD Tuna Canners Ltd believes that Papua New Guinea can benefit from its tuna resources and become the “tuna capital of the world”.

Managing director Pedro Celso said potential economic benefits were too important to be ignored in PNG: “If Thailand can make billions of dollars without having a fishing ground, and sets of fishing boats, if the US, European Union, Taiwan, Japan, Korea, Indonesia, Philippines, Vietnam, China and other countries can earn billions out of tuna caught in PNG waters, why can’t PNG make the same revenue?”

He also cautioned about the need for regional cooperation for tuna management: “Tuna is a highly migratory species and the tuna doesn’t know where to hide any more. If we don’t’ do anything about it, the average size of tuna is getting smaller.”

Hawaii long-liners near bigeye tuna limit

Hawaii’s longline fleet is about to hit its 3,554-ton limit for bigeye tuna in the Western and Central Pacific, prompting a closure date for the fishery of July 22, according to the National Oceanic and Atmospheric Administration, Pacnews reports.

But the closure will likely be short-lived thanks to a federal rule that allows U.S. Pacific Island territories — American Samoa, Guam and the Commonwealth of the Northern Mariana Islands — to each allocate up to 1,000 tons of their 2,000-ton quotas to U.S. longliners under a “specified fishing agreement.”

American Samoa reaches out to PNA

The Governor of American Samoa has written to the (PNA) for favourable treatment of fishing vessels based in the territory.

Due to new requirements agreed to in the new US Treaty between 16 Pacific states (including New Zealand and Australia) and the United States of America, US fishing vessels need to fulfill new requirements for fishing access to Pacific Island waters through to 2022 – by 1 August 2016.

“It is a blessing to our people that your strong representation salvaged the Treaty,” Governor Mauga writes in his letter to the Government of Tuvalu.

“We have a strong interest in using this momentum to forge a collaborative and mutually beneficial relationship with the Government of Tuvalu, to provide a robust exchange of information and a shared vision to optimize the use and management of our resources for the benefit of our peoples.”

As a result of the Tuna Treaty talks, US flagged boats that are based and supply tuna to canneries in American Samoa must fulfill certain requirements of the Tuna Treaty by August 1, 2016.

Purse Seine Days Use Climbs for 2016

PNA Vessel Day Scheme Allowable Effort has made a steady climb over the last month as seen in the graph here.

The effort in VDS participants’ waters, as illustrated in the graph below, was just over 18,500 VDS days at the end of June and under 19,800 days on 12 July.

For July the constant would be 20,000 VDS days (yellow line).  The red line represents days used.

Tuna Market Intelligence is an independent publication, sponsored by the Parties to the Nauru Agreement (PNA) to unearth industry and market information from Pacific Island reporters and analysts. Reprint in the media from the PNA countries is free. All other reprints must be authorized. Contact us on marketintel@pnatuna.com or see more on www.pnatuna.com

 

 

 

 

 

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Parties to the Nauru Agreement (PNA)
PNA Office PO Box 3992

Majuro, Marshall Islands
MH 96960
Phone: +692 625 7626/7627
Fax: +692 625 7628

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