Costa Rican canned tuna packers are reportedly misleading consumers, as a study reveals some cans to have around 17 percent less tuna content than indicated, while maintaining the same price....
Processing
Investors Lacking Confidence In TUF Forward Charge
As Thai Union (TUF:TB) charges forward with strong targets for business growth, the company’s considerable confidence is not being shared by investors. Declining tuna raw material prices,...
Thai PM Concerned About Falling Tuna Exports To EU
A 40 percent plummet in canned tuna exports to the European Union is causing great concern for the Thai Prime Minister, and joins a list of issues he believes are threatening the economic...
Canneries Come Under Fire In Thai Trafficking Saga
Thailand's downgrade to Tier 3 in the US Trafficking in Persons report has damaged the nation's reputation, and resulted in increasing pressure from retailers. Tuna canneries in the country...
Vietnamese Canner Joins ISSF Members
With eight processing plants for its core tuna business, Foodtech JSC has become the latest firm to join ISSF’s participating companies, bumping the total up to 25. The Vietnamese tuna...
Strong Export Growth Drives Spanish Cannery Output
Turnovers are expected to slightly grow for the tuna processing sector, with strong exports showing a 7.4 percent increase. The overall production of canned seafood in Spain has been...
The World’s Top 5 Tuna Processing Nations
In as many as 35 different nations worldwide, millions of tons of tuna raw material are being processed each year. Five strong dominant processing countries account for as much as 65 percent...
Top Asian Canner Streamlines Its Structure
A company restructuring plan has been given the green light, as 100 million more shares hit the Philippine Stock Exchange. Century Canning Corp, the parent firm of listed company, Century...
Binotto To Head Up Two TriMarine Subsidiaries
It has been announced that Don Binotto, previously the CEO of StarKist, and of seafood companyContessa Premium Foods, will be joining the ranks of Tri Marine International, one of the...
Thai Union Places Young Managers With International Subsidiaries
The Thai Union Group’s Management Associate (MA) graduates are set to take flight to the group’s tuna producing subsidiaries around the world, as part of the internship completion of the...
ANFACO: Need To Increase Loins Quota By 40% “Undeniable”
While Spanish seiner operators in the Indian Ocean demand a total elimination of the EU’s zero duty quota for pre-cooked tuna loins, ANFACO, representing Spanish tuna canners, believes...
Garavilla CEO Denies Rumors That Firm Is For Sale
As sales rumors fly, Garavilla’s CEO firmly denies that any such negotiations are currently taking place. Rumor is rife throughout the industry that Spain’s second largest tuna canner,...
ANABAC: “Price Should Not Be A Reason For Loins Quota”
The head of ANABAC, one of the purse seiner organizations that is a member of CEPESCA , says the EU’s annual zero duty quota for pre-cooked tuna loins must be eliminated on its current basis,...
Low Demand Hurts Vietnam’s Tuna Exports
Vietnamese processors are also experiencing their share of the global price crisis and the current lack in demand. The impact has been a significant 22 percent slump in tuna export value....
Central Bank Interest Rate Cut Good News For Thai Canners
Stocks on the Thailand SET could see some change as the nation’s Central Bank cuts its main interest rate and hopes that a weaker baht might boost exporter trade; all good news for Thai...
NFI: “Greenpeace Ranking Model Is Overused & Ineffective”
Following a recent Greenpeace ranking of US tuna brands, which concludes that up to 80 percent of the candidate brands are ‘not to buy’, the NFI has noted that GP is again following classic...
Thai Cannery Under Scrutiny After Sydney Tuna Poisoning
Following an incident that forced the Aussie government to rethink its food labeling laws, a tuna cannery in Thailand is being investigated and a ban on supply from the plant has been put in...
160 Years Of French Tuna Canning And Still Moving Forward
The world’s oldest and still operating seafood cannery closed down this week, after 162 years of production, but it won’t be completely gone, as it has left its mark in the French seafood...
Will Princes Merger Bring IBL’s Tuna Profits Back?
IBL’s Seafood Hub Ltd has tightened its grip on a growing tuna revenue, as its increased 43.6 percent stake in Princes Tuna (Mauritius) is finalized. Will the new merger boost IBL’s current...
Investors Get Ownership Of Top Asian Tuna Brands
In a low-cost acquisition, the Philippine canned tuna market monopolist has snapped up a related company that holds the group’s brands, trademarks and other intellectual property. Century...