Canned tuna and other fisheries products could soon have a zero percent VAT in the EU. The Commissioner for Economy, Paolo Gentiloni, wrote about this topic in a letter to Galician MEP...
Trade
Organizer Adamant To Continue With In-Person Seafood Shows
The organizer of Seafood Expo North America, Diversified Communications, has stated that the in-person event is going ahead as planned in March. This is despite the recent withdrawals from a...
What You Should Definitely Know About Fair Trade Tuna
The Fair Trade logo has become synonymous with helping marginalized communities of fishermen and farmers around the world and lately there has been a growing number of tuna products being...
Slight Drop In Vegetable Oils Price Not Necessarily A Relief For Canners
After a year of an upward trend in global food commodity prices, it fell slightly in December 2021. This was mainly influenced by a significant drop in the international values of vegetable...
Shipping Rates Still A Headache For Tuna Sector
Ocean freight prices continue to be at remarkably high levels, thus the tuna sector is still facing an uphill struggle when sending their canned goods across the world. It does not help the...
Vietnam’s Tuna Exports Recovered In 2021
Vietnamese tuna exports have grown strongly in 2021 as reported by the Vietnam Association of Seafood Exporters and Producers (VASEP). The total value of the shipments reached around USD 757...
Pandemic-Driven Sales Pushed Up Princes Group’s Operating Profit By 30%
International food and drink group, Princes, announced that it experienced continued growth in the 2020/2021 financial year due to pandemic-driven sales in its core businesses including canned...
Year Starts Off With Unusual Bullish SKJ1.8:BKK Price Trend
The year has started with the skipjack trade in Bangkok becoming bullish with indications that this trend might continue. Atuna sources are saying that processors have to pay about USD 100...
New Maritime Act Calls For US Navy To Share Data On IUU
The US Congress has passed a maritime security proposal that requires the country’s navy to report on security measures related to IUU fishing. It is aimed at protecting America's fishing...
More Scrutiny On Green Bonds, A Good Thing For Tuna Firms?
Financial think tank, Planet Tracker, in a blog post on January 6 listed several predictions with regards to global financial markets. One of them points to an expected increased scrutiny...
Chris Lischewski Now Targeted By Civil Case For Price-Fixing
While former CEO of Bumble Bee, Chris Lischewski, is serving his time in prison for his criminal involvement in price-fixing shelf-stable tuna, he has now been hit with a civil lawsuit by a US...
Ivory Coast Fishmongers Want Govt To Implement Cap On Faux Thon
Authorities in Ivory Coast have introduced a policy to regulate the price of faux thon in an attempt to control the market and avoid speculation. Fishmongers and wholesalers are now urging the...
Thai Union Expanding Bangkok Coldstore Capacity Through Joint Venture
Thai Union Group is expanding its cold storage capacity to accommodate more raw material for its canning operations. On Wednesday, the Group announced that its subsidiary, Thai Union...
Century’s Strong 2021 Income Growth Spurred By Tuna Exports
Century Pacific Food Inc. (CNPF) showed good result in terms of net income and revenue in the first three quarters of 2021. According to its Q3 2021 financial report, CNPF’s net income in the...
Readers Expect A Price Hike For Canned Tuna In 2022
The increased costs of steel, vegetable oils, raw material, fuel, and freight have affected the entire supply chain of the tuna industry. The majority of our readers expect that these higher...
Bidding Price Drops Again At Tokyo’s New Year Bluefin Auction
The highest bid for the first bluefin auction of the year at the Toyosu Market in Japan reached only JPY 16.9 million (about USD 145,000). This is a massive blow compared to the...
How Leovi Carranza Built The Pinsa Group
Mazatlan-based Pinsa Group is one of the biggest vertically integrated companies in Mexico. Its Dolores canned tuna brand is the nation's market leader. Its founder, Leovi Carranza, built the...
Thai Union Restructures US PetFood Business With New Subsidiary
Giant tuna player, Thai Union, has announced the creation of a subsidiary company that will acquire the group’s pet food business in the US. The company, i-Tail Americas, was recently...
TUNA2022: Will Global Tuna Industry Meet Again In Person In Bangkok?
The 2022 edition of the World Tuna Conference in Bangkok has been announced by its organizer, INFOFISH. The event, TUNA2022, will take place from October 11 to 13 and is themed “Strengthening...
Century Pacific Adds Leading Sardine Brand To Its Portfolio
Century Pacific Food Inc.(CNPF) has acquired the leading Filipino canned sardine brand, Ligo, from the Tung family. The Philippine-based food and canned tuna processing and marketing group...