Thanks to robust demand for branded product, the Philippines leading canned tuna producer has announced a positive profit result for the first quarter of the year, up a substantial 37 percent...
Processing
Investors Appear Unfazed By Thai Yellow Card
Despite concerns from TUF that EU customers are already on the look-out for alternative supply, it seems investors are less fazed by the Thai yellow card. With no significant movement in...
BB Working To Get Samoa Loining Plant Back On Track
After going on hold for quite some time, Bumble Bee seems keen to get its Samoa tuna loining plant plans back on track. Following a meeting with Bumble Bee representatives, Samoa Prime...
Tuna Sperm, The New Foie Gras?
A specialty dish that is normally known to use fatty goose and duck liver has now evolved in a new unusual trend; its main ingredient has been replaced with tuna sperm, which makes for a...
Bumble Bee & 2 Employees Charged In Factory Accident Death
Bumble Bee Foods LLC and two of the company’s workers have been charged with willfully violating worker safety rules, allegedly causing the 2012 death of an employee who became trapped inside...
Bolton Buys Isabel?
After recently being tipped as a potential buyer, news is coming from several sides that Bolton Group has snapped up Spanish canned tuna producer, Conservas Garavilla. In contacting Garavilla,...
Turkish Mini Cannery Investment Seems “Unbelievable”
Following reports of plans for mini tuna canneries to be constructed in the Solomon Islands, for some, the proposed investment from a Turkish-based firm seems “quite unbelievable.” Reported...
Turkish Firm Plans To Build Mini Canneries In Solomon Islands
As part of a full-blown investment plan, a Turkish company says it will establish mini tuna canneries in the Solomon Islands. The Nazar Group of Companies has stated it will be injecting a USD...
Albacore Makes Up 80% Of Traditional Tuna Producer’s Turnover
For over 100 years, a small tuna processor in Bermeo, north Spain, has specialized in bonito del norte (albacore) fishing in European waters, and in the last few decades, has had to adapt to a...
Analysts Disagree On Thai Union Profit
There is little consensus in recent financial forecasts, as analyst predictions differ strongly on short-term earnings for Thai Union Frozen Products. Despite bullish profit estimations from...
Filipino Canned Tuna Just Got Sexier
The Philippines leading canned tuna producer has just topped its own ‘sexy’ scale by securing the endorsement of one of FHM’s ‘sexiest women in the world’ and launching a tuna commercial for...
“Shrinkflation” John West Reduces By 13%
Reported to be following the actions of other firms, John West has joined the ‘shrinkflation’ trend and has been seen to lower the weight of tuna in its canned products. Consumers are getting...
Market Leader More Than Doubles Net Income
Driven primarily by its branded business, one market leader has more than doubled its net income YoY, with 2014 figures climbing a bullish 112 percent. The firm has benefitted from declining...
Bullish Analyst Projections On TUF 2015 Profits
Having almost doubled its annual net profit in 2014, Thai Union Frozen, with the backing of its newest acquisitions, is predicted by analysts to boost net profits up to THB 1.1 billion (USD...
Why Don’t Consumers Know About FADs?
By the editor: It seems even the most eco-friendly consumers could be uneducated when it comes to knowing what tuna to buy. As scientists, NGOs and even some corners of the industry raise the...
Poll: Can Ocean Naturals Become A 4th US National Brand?
With the ranking of Tri Marine’s Ocean Naturals tuna brand third on Greenpeace’s US canned tuna league, it would appear that in the eyes of NGOs, Tri Marine is performing well; but can this...
Leading Asian Canner Collects Near USD 30 Million From Investors
Raising its capital stock by 50 percent, one publically listed canned tuna producer has been reported to be bracing itself for increased competition. Philippine-based Alliance Select Foods...
The Listed Tuna Company That’s Flying Past The Rest
Investor confidence is flying high, as the Philippine’s most dominant canned tuna producer soars on the stock market. From holdings bought on the first day of the year, Century Pacific...
2015 Surge In EU Demand For Vietnamese Tuna
Despite an overall drop in the value of Vietnamese tuna exports, demand from EU processors now seems to be softening the blow. According to VASEP (Vietnamese Association of Seafood Exporters...
Thai Packers Do Not Pay Peak Skipjack Prices
Despite strong peaks in the market, packers in Thailand are managing to avoid regular highs in the Bangkok whole round frozen skipjack price, for fish of 1.8 kg and up. By buying heavy at low...