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...
Tuna Processing News
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...
Consumers Intentionally Misled By Under-Packing Tuna Cans?
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....
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...
