Sword & Tuna Prices Finally Headed In The Right Direction (Down)

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The longline fleet in the Gulf (the US-flagged vessels targeting tuna and sword in the Gulf) are finally getting back in rotation. Rotation is when a portion of the fleet is always fishing, so we have boats unloading every week. Christmas and the New Year mess up that rotation because fishermen have families too and want to spend their holidays at home.

Boats started unloading last week and more this week. The trips take longer this time of year because the water is too rough to fish, and frequently they have to lay at anchor for several days during the trip. Prices are starting to ease off a bit this week from the staggeringly high price tags of the last couple of weeks.