Climbing to a ten year high, forecasts made by the International Grains Council for soybean production for 2014/2015 show the likelihood of continuing strong supply. As production is expected...
Processing
SeaValue Expects Strong Sales Growth In 2015
High demand from overseas markets is the expected driving force of a forecast 10 percent sales increase for SeaValue this year. As one of Thailand’s leading tuna exporting firms, the company...
EU Pre-cooked Loins Quota Set For Small Changes
The European Commission is currently in a stage of ‘interservice consultation’ regarding the decision whether to decrease, increase or even eliminate the EU pre-cooked tuna loins quota for the...
TUF Wants A Bigger Slice Of Brazil’s Tuna Market
In an effort to get a bigger cut of a market that is dominated by local processors and Ecuadorian products, Thai authorities, along with Thai Union CEO, Thiraphong Chansiri, have complained...
Calvo International Sales Strong & Growing
In its annual review statement, Grupo Calvo has announced a sales generation of EUR 765 million (USD 850.4 mil) for the year 2014, up 7.4 percent from the previous year, and states that for...
PNG Investors In SSTC Plant, Misled By Middleman?
Hit with allegations that the factory has not been paying any returns to local shareholders, the PNG-based South Seas Tuna Corporation (SSTC) plant is set to have its operations investigated...
Canneries Left Producing At Just 25% Capacity
Tuna canneries in Venezuela have been pulled under as part of a deep crisis that spans various domestic industries. The problem? Restricted access to dollars has distorted various sectors,...
Frabelle Hopes Majestic To Break Even By 2016
Frabelle, part-owner of PNG-based joint venture Majestic Seafood, hopes that the plant’s operations will break even by the end of 2015, with plans to get production up to 120 tons per day. The...
StarKist Compensates Millions For Under Filled Cans
After accusations the company has been “stiffing” tuna buyers with under filled cans, StarKist will pay a hefty USD 12 million to consumers to end a proposed class action. As noted by the...
TUF Saturated After Bumble Bee Takeover
After an acquisition frenzy that saw Thai Union snap up three seafood companies in one year, the firm’s CEO, Thiraphong Chansiri, has stated that TUF will refrain from any more major takeovers...
Massive Write Off On Inventory Makes Alliance Bleed
Alliance Select Foods continues to bleed as it reports a sizable net loss of USD 17 million for 2014, connected to a large write down in the market value of its inventories of raw material and...
Venezuela’s Scarce Dollars For Tuna Loins Or Cans?
As tuna canners in Venezuela urgently call out to the government for the right to import precooked loins for processing, neighboring nations currently supplying canned tuna to the country...
Thai Union Smashes Analyst Q1 Expectations
Surpassing the expectations of various analysts, Thai Union has reported a bullish 59 percent rise in first quarter net profit. The company puts the strong increase down to foreign exchange...
Po Family Sells 6.4% Of Century
From an equity placement deal focused on boosting the company’s stock trading liquidity, Century Pacific Food, controlled by the Po family, has raised PHP 2.7 billion (USD 60.4 million). ...
Canners Screaming For Permits To Import Pre-cooked Loins
Stressing that there is enough domestic processing capacity to cover national consumption, Venezuelan tuna canners are almost screaming for the government to urgently approve import permits...
Vietnamese Fresh/Frozen Tuna Producer Certified FOS
Tuna and swordfish from approved Friend of the Sea fleets, and processed by Nha Trang Bay Joint Stock Company are now authorized to carry the FOS eco-label. The Nha Trang Bay processing plant,...
PAFCO To Bridge Tuna Lulls With New Cold Storage
Limited availability of albacore could be a thing of the past for PAFCO as it is set to receive a 4,000 metric ton coldstore freezer warehouse at its Levuka plant in Fiji. With construction...
11% Stake In Century Goes To Major Global Investment Fund
Getting its hands on a minority stake of the Philippines’ leading canned tuna producer, Arran Investment Private has snapped up an 11 percent stake in Century Pacific Foods. Century has seen...
Minimum Wage Hike Could Drive Canners Away
The future competiveness of American Samoa’s tuna canning industry could be in jeopardy if planned minimum wage hikes are to dramatically increase operational expenses. In an ongoing...
Rocky 2015 Start For Thai Canners
Suffering a seven percent YoY drop, Thai canned tuna exports have fallen to their lowest level in at least four years, with canners in the country getting off to a rocky start in 2015. From...