As Thai Union (TUF:TB) once again announces positive projections for the rest of 2015, investors in the listed company, for now, appear not to be sharing such strong confidence. The world’s...
Tuna Processing News
Frime Launches ‘Tuna Space’
A new establishment in Catalonia, Spain is bringing the world’s tuna, its top products and all the necessary know-how on the industry into one place: Espai Tonyina. This ‘Tuna Space’ is a...
“Thai Canners Packing For EU Need To Improve”
Despite acknowledging a range of positive improvements in two specific Thai tuna canneries, the NGO Finnwatch says its investigation has revealed that discrimination still exists in the...
Asiservy Crowned Best Ecuadorian Exporter
As part of the fifth edition of PREMIOEXPOR, this year’s award ceremony saw tuna producing company Asiservy take the title of Best Exporting Company in Ecuador. Awarded by the Ecuadorian...
5 Year High For EU Canned Imports
The world’s largest canned tuna market had an even stronger appetite last year, as both external and internal import volumes shot up to a five year high. Despite the significant climb over the...
Bumble Bee Pleads Not Guilty In Tragic Factory Accident Death
In the case of the 2012 death of a Bumble Bee Foods employee who became trapped inside a retort, the company and two of its workers have pleaded not guilty this week to willfully violating...
How Tuna Is Winning Over Sardines In Portugal
Though sardines have always been the ‘queen’ canned product for Portuguese shoppers, a national study has revealed that 75 percent of consumers now choose to eat canned tuna one to four times...
Soybean Oil Prices Low As Supply Surges To 10 Year High
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...
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...
