With the South African tuna season starting off rather slower than anticipated, historically a different picture has been portrayed with this season having only a combined landing of below 200 tons as opposed to previous years average of around 1400 tons for November/ December period. (I do suspect on good authority that this figure is in fact incorrect.)
Bad weather has left the majority of the SA Pole and Line fleet docked in port whilst some of the smaller more economical vessels have chosen to brave the short weather periods with a mixed bag of results. With strong South Easterly winds fetching large South West swells, the opportunities have been restricted to only a 2 to 3 fish-able days before the North Wester picks up sending all vessels in search of their home or nearest port for refuge. This morning the hake long liner Christo Rei snapped her bow lines on the North Mole, Hout Bay in some serious South Easterly gusts, hence why my vessels were discharging today what little catches they had.
The majority of the albacore that has been landed was concentrated in smaller shoals with no sign as of yet of the larger biomass of albacore having been witnessed on the decks. Below is the graph from the Department of Agriculture, Forestry & Fisheries - Research & Development Branch which indicates the albacore tuna catching frequencies on a monthly/ annual basis for a comparative understanding:
So far the 2014/1025 season hasn't had much to show for itself, but this can change within a fortnight as has been experienced in the past. With the smaller volumes keeping the demand up, the albacore price is expected to remain relatively high provided the Rand doesn't strengthen further against the Euro and whilst the New Zealand pole and line season doesn't start. We can expect the decent raw material price to remain at its current level ensuring a welcomed return to the vessels.
The local yellow fin market has been able to consume the quantities landed of the smaller yellow fin (under 30kgs & over 50kgs) due to the irregular weather gaps allowing for the market to rebound in time of the next landings. This will remain so until the rest of the fleet start landing fresh yellow fin. The larger yellow fin (50kgs+) has found some good returns in the American market which does not have a size stipulation unlike the European Union's concerns over mercury.
With this week's maritime forecast being a blow out...the vessels will most likely look to depart on Saturday only. With a select few vessels having had some good landings, the majority of the fleet and exporters remain understandably apprehensive and somewhat nervous.
