The registration for the upcoming World Tuna Trade Conference and Exhibition in Bangkok is open. This edition will be a hybrid event that can be attended either in-person or virtually. Due to...
Trade
Global Canned Tuna Demand Forecasted To Grow 34%
Using a statistical model, a scientific study has forecasted that global canned tuna demand is set to increase by 34 percent within the next three decades. However, the tropical tuna purse...
Chair Chansiri Resigns To Prevent Negative Impact On Thai Union
On Monday, in a letter to the Stock Exchange of Thailand (SET), Thai Union said that it “seriously conducted [a] fact-finding investigation and found no evidence indicating any insider trading...
Insider Trading Fallout, Thai Union Stock Loses 15%
On the heels of Thai Union Group’s Chairman and several other executives being sanctioned by the Securities and Exchange Commission (SEC) for insider trading, investors have been dumping the...
Seiner Fuel Prices Fall But Market Volatility Remains
Oil prices are extremely volatile at the moment amidst supply concerns and a ban on Russian crude. Gas prices for purse seiners have dropped slightly but energy experts are uncertain about...
Weeks With No Catch Makes Manta Skipjack More Expensive
Since the beginning of 2022, skipjack catches in the EPO have been below last year’s levels which in turn were already significantly lower than those of 2020. Poor landings have pushed the...
Despite More Deliveries, Italian Import Market Remained Low In 2021
Last year, most canned tuna suppliers to the Italian market started to recover their business after suffering a big hit in 2020. Despite this, imports remained on the lower side of the scale...
Scandinavian Tuna Buyers Diverting Their Sourcing To Europe
For a long time, canned tuna buyers in Denmark, Sweden, and Finland have been focused on sourcing their needs from Asia and particularly Thailand. However, a trend to source more products from...
Chinese Processors Conquered Italian Pre-Cooked Loins Market
As the overall total 2021 EU import of pre-cooked frozen tuna loins stayed more or less stable, Italian processors slightly increased their intake of yellowfin loins. The trend among EU...
CNPF Bottom Line Grew By 13% In 2021
Philippines food and beverage company, Century Pacific Food (CNPF), posted good earnings for 2021, boosted by an increase in sales in the fourth quarter. In a filing with the Securities and...
Spanish Canners Less Eager In Buying Loins From China
Spanish canners strongly reduced their buying of Chinese frozen pre-cooked tuna loins in 2021. They appeared to have learned a costly lesson during 2020 when they eagerly overbought loins from...
EU Considers Trade Tariffs As Roadblock Against Illegal Immigration
The European Commission (EC) is considering revoking special trade tariffs for countries that are not accepting their citizens back, who are illegal immigrants in the EU. If the executive...
High Fuel Costs Forcing SKJ1.8:BKK Towards USD2,000 Barrier
The soaring fuel prices that are hitting seiner operators are having a clear impact on the price of a ton of frozen whole round skipjack in Thailand’s processing hub. Processors see no...
Nostalgic Tuna Commercial And More Social Trends
A behind-the-scenes documentary of the funniest, wittiest, and most sentimental anecdotes in commercials that were popular decades ago in Ecuador was recently released. And it began with the...
Thai Union’s Founder & Chairman Chansiri Fined For Insider Trading
The global tuna sector has been rocked by the announcement that some Thai Union executives and its Chairman, Kraisorn Chansiri, for being involved in insider trading. A Thai regulator has said...
Italian Canners Switching More To Cheaper Skipjack Loins
EU processors took in record volumes of frozen pre-cooked loins in 2021 and there were almost equal amounts of skipjack and yellowfin bags that were shipped to various destinations. Italian...
Has EU Demand For Pre-Cooked Loins Reached Its Ceiling?
After years of increasing their intake of pre-cooked loins, EU canners' demand in 2021 seems to have reached a plateau, positioned nearly at the same level as in the previous year. Despite...
EU Fleet Has Become Virtually “Unprofitable”, Crisis Mechanism Activated
On Friday, the European Commission announced that it will be giving financial aid to the fishery, aquaculture, and processing sectors, which have been struggling to keep their heads above...
Shortfall In Russian Steel Pushes Up Empty Cans’ Price
The shortage of steel due to economic sanctions against Russia for its invasion of Ukraine is going to place extra pressure on tuna processors as prices for the metal are rising. On March 15,...
World Tuna Conference 2022 Returns To In-Person Meeting
World Tuna 2022, the tuna trade conference and exhibition in Bangkok, will take place this year as a hybrid event that can be attended either in-person or virtually. Today, organizer InfoFish...