In June, the euro weakened further against the US dollar and has never been so close to parity is the opinion of several financial analysts. This is a real threat to the buying power of EU...
Trade
World Tuna 2022 Tentative Program Is Out
The upcoming World Tuna Conference in Bangkok promises its attendees a full three-day program around the theme -- ‘Strengthing Resilience, Adaptability, and Sustainable Growth in the Global...
Manta Skipjack Price Falls, Despite Declining Origin Catches
Deals for whole round frozen skipjack in Manta have been hitting highs for the last couple of months. Earlier, this bullish market was fueled by poor fishing in the EPO as well as firm demand...
Q1 Ecuador Tuna Exports Steadily Growing Towards USD 300 M
Ecuadorian tuna exports reached a four-year peak in both volume and value during the first quarter of 2022. The result was mainly driven by the strong EU demand and the US sourcing more canned...
USD 6 Million Paid To Trial Lawyers In Tuna Scandal Case In London
Mozambique, one of the poorest nations in the world, has spent about five million pounds (about USD 6 million) preparing documents for a “hidden debts” case in the London Commercial Court....
New TRATA TunaPocket Conquering The World
- Advertorial - Greek canning company KONVA (North Aegean Sea Canneries) is known for its top-quality tuna and innovative seafood products. It has a modern, highly-certified processing...
Yellowfin Quotas & Closures Slash Q1 WR Supply To EU Plants
EU demand for whole round frozen yellowfin declined drastically at the beginning of this year, with shipments dropping by one-third compared to last year. European processors bought 15,484 M/T...
US Demand For Canned Bonito Grows As Value Plummets
American importers increased their intake of bonito and tuna-like species during the first three months of this year. The Chinese managed to more than recover their lost market share and...
Ecuadorian Seafood Brand Gets Funded 2.5M For US Expansion
An Ecuadorian canned seafood brand has received USD 2.5 million in funding from Tradewind Finance to finance it to meet the demand from the US market. The company needed cash flow to transport...
EU Consumers’ Declining Demand For Fresh Seafood
Europeans love seafood and on average consume nearly 24 kg per capita annually. Tuna is the number one fish eaten and has remained so for years (at over three kilograms). However, this year...
Kenya Plans To Transform Small-Scale Fisheries To Boost Fish Yields
The Kenyan government is keen for the nation's small-scale fishers to expand to commercial and industrial size. Authorities are in the process of introducing laws and regulations to enable...
New US Act Holds Shipping Lines Accountable For Container Demurrage
Shipping line companies will soon be held responsible for the detention and demurrage charges of containers remaining too long at dock in US ports. On June 16, President Biden signed the Ocean...
Skipjack Whole Round Demand Took A Plunge In Q1
The purchase of skipjack raw material by EU processors plunged at the beginning of this year with volumes in Q1 hitting the lowest level in the past five years. EU imports fell to 7,419 M/T,...
Massive EUR 22 Million Cut In EU Canneries’ Q1 Purchases Of Foreign W/R
EU canneries strongly reduced their purchases of frozen whole round tuna at the beginning of this year with supplies from both foreign- and EU-flagged vessels dropping drastically. The massive...
Bitcoin Crash: Canned Tuna The Best Investment?
American businessman and finance author, Robert Kiyosaki, tweeted on June 13 that after the crash of the Bitcoin: “Best INVESTMENT: Cans of Tuna Fish.” With increasing global inflation, he...
Readers Assume US Consumers Will Buy Tuna Over Chicken
In the past two years, poultry prices in the US have nearly tripled and have hit peak levels. For chicken-loving Americans, this could be a reason to switch to a much cheaper protein, tuna....
Canned Tuna Thrown Out Of Mexico-Ecuador Trade Deal?
Over the last few weeks, canned tuna has taken a significant role in the discussions about a trade agreement between Ecuador and Mexico. The countries have not yet seen eye to eye on whether...
NFI Wants Biden To Stop Penalty Duties On Chinese Loins
There might be some hope on the horizon for US importers of tuna products. Recently, US President Joe Biden in a press conference in Tokyo mentioned that he is considering cutting tariffs on...
Will WTO Members Reach A Deal On Abolishing Harmful Fishing Subsidies?
Members of the World Trade Organization (WTO) will meet this week in Geneva for the WTO’s 12th Ministerial Conference (MC12) and many stakeholders are eagerly expecting a deal to be struck...
Spanish And Italian Processors’ Demand For Tuna Loins Surged
EU imports of frozen pre-cooked loins grew in the first three months of 2022 propelled by the demand in the key processing countries, Spain and Italy. Spanish processors continued to...