PNG has announced it will be hosting the upcoming 8th Pacific Tuna Forum on September 6 and 7 next year. The announcement was made during the 36th INFOFISH Governing Council Meeting taking...
News
Rabobank Leaves Tuna Out In Protein Outlook For 2023
Rabobank published the ‘Global Animal Protein Outlook 2023’ that forecasts that this year’s issues in the industry will continue into 2023 – high costs along the full supply chain and modest...
Two Major Banks Involved In US Blacklisted Pingtan
US-based subsidiaries of Credit Suisse and Deutsche Bank are among the stakeholders of Pingtan Marine Enterprise, a tuna and seafood fishing company. It was recently blacklisted by the US...
EUR Continues Gaining Strength Against Dollar
The euro has continued gaining momentum and has strengthened its position since November. Currently, EUR 1 is USD 1.06, resulting in European tuna buyers having more purchasing power right...
Ecuadorian Loining Plants Impacted By Fewer Orders From Europe
Some tuna loining plants in the province of Manabí, Ecuador, gave their employees vacation time as they are not getting sufficient orders from EU markets to keep part of operations running....
More Nations Agree To Port State Measures To Curb IUU Fishing
Four additional African countries – Angola, Morocco, Nigeria, and Eritrea – have committed to support and collaborate with the UN's FAO Agreement on Port State Measures (PSMA) to curb IUU...
Canned Tuna Wallet-Friendly In US Consumer Market Amidst Inflation
The high prices of fresh and frozen seafood are yet another reason for Americans to switch to canned tuna – the most sought-after seafood in the US. Shelf-stable seafood sales continued to...
Food Staples Remain High For Europeans & Americans
Annual inflation in the EU markets has declined but only slightly, with food and energy prices contributing to the continuous lofty inflation figures. Canned tuna producers are spending more...
The Viral #Tunacado Sandwich Recipe And Other Social Media Trends
Tuna sandwiches are one of the most popular globally eaten foods. Since the dish is easy to make and healthy, its remains a favorite. Famous TikToker and influencer, Danielle Matzon, is...
Another Taiwanese Longliner Runs Aground On Mauritius Coast
Taiwanese-flagged longliner, ‘Yu Feng 67’, ran aground in Mauritius last week. The vessel lost power on December 5 off the coast of Saint Brandon and was identified by the country's Coast...
Ex-COS Employee Alleges Wrongful Termination For Whistleblowing
A former Chicken of the Sea HR employee has accused the tuna company of unlawfully firing her for being a whistleblower. She alleged that COS has been misappropriating premium payments from...
TU Retains Top Spot In Dow Jones Sustainability Index
The Thai Union Group PCL. has been ranked number one in the global food industry on the Dow Jones Sustainability Index. The company has been listed for a ninth consecutive year in this list...
Wi-Fi On Taiwanese Vessels Would De-stress Crew
Wi-Fi onboard Taiwanese tuna longliners will not only improve the working conditions but also be affordable for the industry if costs are shared, say labor rights NGOs. Global Labor...
Lower Soy And Sunflower Oil Prices Reduce Canned Tuna Producers’ Costs
Global food prices in November remained virtually unchanged from October, but the value of edible oils such as soy saw a short uptick. However, EU canners are paying less for this product in...
New Taiwanese Study Maps Migration Of Pacific Bluefin
Taiwan’s Fisheries Research Institute (FRI) collaborated with Stanford University to map migration movements of spawning pacific bluefin using satellite tags called Pop-up Satellite Archival...
As US Blacklists Chinese Longliners, Nasdaq Halts Trading Of Pingtan
The Nasdaq stock exchange announced on December 9 that trading of Pingtan Marine Enterprise shares was halted at the last sale price of USD 0.57. This was after the US government announced...
Japanese Fear No Tuna On Their Year-End Menu
The price for bluefin at Japan’s Toyosu fish market is rising rapidly as fewer domestic caught fish are being landed. Only 220 whole-round bluefin were auctioned in the first nine days of...
Airone Seafood Wants To Expand Tuna Production In Ivory Coast
Abidjan-based Airone Seafood is aiming to expand its tuna production capacity with new investments, its Chairman and CEO, Sergio Tommasini, announced. He said that Airone “is working to...
Galician Canners Battle For A US Market Share
By establishing the subsidiary, Frinsa USA, and investing over USD 20 million in a new production facility in Lakeland, Florida, Spanish Frinsa group is competing with Calvo and Jealsa. The...
Seiner Operators Looking At Low Fuel Price But Crude Supply Issue On The Horizon
Major global economies under the G7 group and its allies like the EU, recently agreed on a USD 60 price cap per barrel of Russian crude oil as a sanction to squeeze revenue from the country’s...