Tuna giant Dongwon Industries is expanding its seafood business and it is investing KRW 200 billion (USD 168 million) to build a land-based salmon farming complex. The South Korean tuna...
Trade
Ecuador Loses Big Share In US Pouches Biz
Deliveries of tuna pouches to the US fell considerably in the first half of 2020 (H1), compared to the year before, with a leading supplier losing more than a third of its business in this...
Thai Union Increases Stake In Red Lobster
Publicly traded seafood business, Thai Union Group, announced that it will be acquiring more shares in Red Lobster Master Holding, owner of the Red Lobster restaurant chain. Through the...
COVID-19 Slashes World’s Largest Seafood Firm’s Profits
The COVID-19 crisis has deeply affected the world’s largest seafood firm, Maruha Nichiro. Results for the quarter from April 1 to June 30 show a consistent decrease in net sales, income, and...
Dongwon F&B Did Not Benefit From Growing Tuna Sales
Dongwon Food & Beverage, manufacturer of processed food products mainly for the Korean market, experienced a boost in its canned tuna sales from March to June of 18.2 percent year-on-year....
New Albo Plant Will Help Chinese Owner Expand In The EU
The Chinese processing and trading group Shanghai Kaichuang is taking firm steps to expand in the European market. The company’s Board of Directors recently approved the construction of a new...
Grupomar Donates Over A Million Cans Of Tuna
In Mexico, a canned tuna company is putting its money where its mouth is by combating malnutrition and food shortages as well as by helping people most affected by the COVID-19 crisis in the...
Philippines Canners’ US Shipments Take A Dive
Canned tuna imports into the US market surged in the first half of 2020 (H1) with a record-high volume of product being delivered, which can mainly be attributed to retail demand due to...
Many Questions Remain About Dolphin Meat In Canned Tuna Study
The news about a study finding dolphin meat in Mexican canned tuna has hit national and international media two years after its publication in 2018. The research found dolphin DNA in three of...
John West’s New Tuna Meatballs Meals Target Kids
John West UK will be introducing two new products into the market, one of them is the brand’s first time marketing items specifically targeted at children. Both ready meal lines, Tuna Bowls...
Vietnam Wins And Loses In US Market
The value of canned Vietnamese skipjack to its main export destination, the US, showed an increase in the first half of this year. The US took in the largest amount of canned skipjack and...
Spanish Frinsa Reports Annual Record Results
Spain's largest canned tuna processing company, Frinsa, closed its 2019 financial year with a profit of EUR 31.1 million (USD 36.8 million). The family-owned business is the leading...
Pacific Skipjack Price Gains Strength, Climbs Higher
The tuna industry’s Bangkok benchmark market is seeing a rise in skipjack price, which is keeping its upward pattern observed earlier during this month with indications that it has yet to hit...
Bad Catches Cut Quarter Of Taiwanese Skipjack Supply To Thai Canners
An unusual period of bad Pacific catches has led the Taiwanese seiner fleet, the main supplier of skipjack raw material to Bangkok, to deliver a much lower volume in the first half of 2020...
Sentencing Scheduled For Execs On Tuna Price-Fixing
The US Department of Justice (DOJ) has revealed the sentence hearing dates for three former executives from Bumble Bee and StarKist who served as key witnesses in the canned tuna price-fixing...
Nestlé Launches Sensational Vuna – Vegan Tuna
Swiss international brand Nestlé has released the Sensational Vuna, a plant-based tuna alternative in a glass jar. The company introduced the line under its vegan brand, Garden Gourmet. The...
Cheap Japanese Albacore Floods Bangkok In 2020
Low-cost Japanese albacore flooded the Bangkok market in the first six months of 2020, which boosted the overall import volume of this species and hitting a peak for the past five years. Thai...
Former Bumble Bee CEO Lischewski Self-Surrenders To Jail
The former CEO of Bumble Bee, Chris Lischewski, was scheduled to self-surrender to a minimum-security prison in Lompoc, California, on August 17 in the afternoon. He is most likely already in...
Canned Tuna Sales Normalize After Pandemic Peak
Canned tuna sales in the US have stabilized after it hit its peak in March this year, according to the latest figures. By the end of week 28 (July 12), just over eight million pounds of...
SKJ1.8:BKK Price Follows Its Predictable Path
The rise in the Bangkok skipjack price is showing the same trend as we have seen in the past few years during the month of August. According to Atuna sources, deals are being made at much...