Expana has expanded its seafood market coverage with the addition of US lobster and skipjack tuna price forecasts. Building on over 15 years of expertise in seafood price forecasting, this expansion brings the total number of seafood price series to more than 60, including key species such as salmon, shrimp, cod, and crab. These new additions reinforce Expana’s position as the world’s leading provider of seafood price forecasts.
This expansion was driven by customer feedback underscoring the critical role of seafood market coverage in the agrifood sector. In particular, Expana’s forecasting has emerged as a key priority, as it enables stakeholders to anticipate price movements and make informed, proactive decisions in the face of market volatility.
Rebound in prices forecast for Tuna
Alana Barros, Expana’s Lead Forecast Analyst, has been instrumental in developing the new tuna forecasts.
“Tuna is a crucial source of protein for millions of people around the world and is a staple in many daily diets, particularly in the form of canned tuna. This demand has created a multi-billion-dollar global market for the tuna industry,” she said.
“Since April 2025, the price of skipjack tuna has been declining due to a slowdown in demand resulting from tariffs imposed by the U.S., as well as increased landings in the Western Central Pacific Ocean,” Barros shared. “This decline aligns with the typical seasonal drop that usually follows a peak in June.
“However, our analysis suggests that the current price decline will likely be short-lived, and we anticipate a rebound in prices in the second half of the year. Fundamental analysis indicates that the price is currently undervalued, falling below what is considered fair, while technical indicators warn of a potential price increase. Therefore, we expect the tuna price to go up and remain high during the second half of 2025.”
Lobster prices forecast to climb
“It's easy to understand why there's such high demand for lobster forecasts from our clients,” said Craig Erlam, Expana’s Forecast Analyst involved in developing the new price series. “It is a highly volatile commodity, and therefore, timing is crucial. For example, we believe Lobster has just experienced a significant low in price and we are warning our customers of coming increases.”
“There will be other moves and opportunities this year, but the launch of the product has coincided nicely with an important moment for the price,” Erlam added. “We anticipate a significant move higher over the coming months, which is already underway; however, there will be opportunities during that time to remove the risk of significant price swings.”
To learn more about Expana’s comprehensive forecasts visit expanamarkets.com to request a demo.
