Tuesday, May 27, 2008
The last two weeks lack of tuna supply were like nothing we have seen in recent times. The compounded effects of the monthly lunar schedule, and the fisherman's efforts to squeeze the most out of a gallon of diesel led to something like a "perfect storm". I will be speaking this week to everyone I know in the tuna trade, and maybe we can come up with some predictions for next month. I doubt that the announcement last week by some Pacific Island nations to ban tuna fishing in their waters added to the low supply, but it makes an interesting side story.