• Based on preliminary figures (and revised data), the Sep m-o-m overall purse seine fishing effort increased but despite the increase in fishing intensity (fishing days/calendar day) total catch declined as overall catch rate decreased. Fleet concentration remained heaviest in the west as ENSO-neutral conditions prevailed.
  • Overall effort increased 6% to 4,002 days in Oct with heaviest concentrations in PG and FM EEZs for a combined 73% of total. The overall increase in fishing intensity occurred in both HS and EEZs. Preliminary data for early Nov showed a fleet distribution heaviest in PG and SB and to an extent KI and HS.
  • VDS usage in Oct at 3,756 days was a +6% m-o-m and a +8% y-t-d and total usage by year-end is estimated at around 40,000. 
  • The average day catch in Oct was 29t with a mix of performances across zones. The highest catch rates were in HS and PG, 51t and 30t respectively. Catch rate for SKJ declined to 21t while catch rates increased for large YFT and large BET. Early Nov data showed a 28t in overall daily catch rate with a 12% improvement in SKJ catch rate.
  • The Oct overall catch was down 18% to 115,000t driven by the decline in SKJ catch. Large YFT and large BET catches increased. PG accounted for 58% of total catch.
  • Reported total transhipped volume increased by 10% to 81,300t with most transhipping through FM and PG and both accounted for 72% of total.
  • Bangkok SKJ prices in Oct as reported by Thai Union improved 7% to $1,500/mt while the Singapore MGO price increased 5% to an average $690/mt. The SKJ and MGO price differential widenned.
  • The ENSO index for the Aug-Oct period at -0.2 degrees Celcius shows continuing neutral conditions. The Sep-Nov index is not yet available, but  a weak and short duration La Nina by Sep-Nov period to Jan-Mar 2025 period has been projected.
     
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