Covid19 Update

Key trends:

  • Preliminary figures indicate that overall purse seine fishing days rose in March, albeit fishing intensity (fishing days/calendar day) fell slightly. Note that March figures may be adjusted as NFDs are processed. 
  • Total purse seine catch rose by around 22% in March, reaching some of the highest volumes in the ‘20-‘21 period. Catch and effort remained highest in PNG, with catch and effort rising in FSM and KI. 
  • Based on preliminary figures, overall catch rates rose slightly in March, reaching some of the highest levels in the previous 18 months. Catch rates for SKJ rose by around 17%, while catch rates of large YFT remained at low levels. 
  • Transhipment volumes rose sharply in March, reaching their highest level since at least mid-2019. PNG ports continued to dominate transhipments, accounting for around 60% of total PNA volume. Collectively PNG and KI ports accounted for 88% of total transhipment volume. 
  • Bangkok SKJ prices rose from US$1,300 in February to $1,350 in March, according to Thai Union figures. Notwithstanding that, the 2021 figure is the lowest March price since 2015. Singapore MGO price continued its steady rise in March, recovering to near pre-pandemic levels. The differential between SKJ price and Singapore MGO price remained below the 10 yr average for the third month running. 
  • Thailand continues to remain less affected by COVID cases than other key processing centres (e.g. Ecuador/Philippines/Spain), although has experienced a spike in cases in April. PNG is continuing to experience a spike in cases which started in late Feb/March.

Find attached the covid19 detailed updated reports;