Despite a strong sales growth in canned tuna and other ambient items, Thai Union Group’s net profit for the first quarter of this year (1Q20) dropped year-on-year. According to the 1Q20...
Trade
IOT Seychelles Canned Tuna Output Hits 5-Year Record-Low
Seychelles canned tuna exports to the EU in 2019 dropped to a record low level in five years. The product is processed by Thai Union Group-owned Indian Ocean Tuna Limited (IOT), the principal...
2020 IOTC Meeting To Go Online As Host Backs Down
In light of the ongoing coronavirus pandemic, the IOTC decided to postpone the Commission to November 2 to 6 in Bali, Indonesia. However, Indonesia has backed down from hosting the event as it...
Chinese Fishing Firm Donates Health Equipment To Iran
A major Chinese tuna and seafood fishing group made a donation of medical face masks to Iran, where the Asian country’s fleet has a strong presence. In the midst of the...
2019 Strong Year For Canned Tuna In Finland
After the volume of canned tuna imported to Finland fell significantly in 2018, the demand took a big surge last year making it the highest in the last five years. Buyers in the northern...
Mexican Tuna Firm Sues Umami Seafood For “Bad Faith”
Servax Bleu, a Mexican tuna firm, has a filed lawsuit against California-based Umami Sustainable Seafood accusing the latter of running a “campaign to harm” it and acting in bad faith by...
Massive Reduction In US Meat Supply Good For Canned Tuna?
In order to keep food supply in the US continuous, President Donald Trump issued an executive order on Tuesday mandating the meatpacking industry remain open despite the coronavirus crisis. He...
SKJ1.8:BKK Level Depressed By Cut In Production
The benchmark Bangkok tuna price is showing major signs of turning bearish due to the negative impact from the global coronavirus crisis. There are also indications that more raw material...
Q1 Bangkok Raw Material Imports Down – Sharp Price Fall
In the midst of the ongoing coronavirus pandemic, the imports of frozen tuna raw material in Thailand slightly declined during the first quarter of 2020 (Q1). However, it was the average price...
The Pandemic Hits Manta’s Output And Skipjack Price
Despite good tuna catches in the EPO, the trading price of skipjack continues to decline as a consequence of the ongoing COVID-19 pandemic. Since the coronavirus reached South America, Ecuador...
Herdez Group Q1 Earnings Boosted By Canned Segment
The net sales for the Herdez Group, a Mexican producer of shelf-stable foods, increased by 10.4 percent to MXN 5.7 billion (USD 230.8 million) in the first quarter of this year compared to the...
US Senator’s Tuna Melt Video Met With Laughs
During the coronavirus crisis, many people who are stuck at home are dabbling in cooking and sharing their work online. This week, Virginia US Senator Mark Warner’s Instagram video of his tuna...
Govt Builds “Air Bridge” For Aussie Tuna Exporters
With the global tuna and seafood supply chain currently being impeded by a lack of flights due to the coronavirus, the Australian government has established an air freight network that can...
Women Dominate Solomon Islands’ Salt Tuna Trade
Although men occupy roles associated with fishing, heavy physical labor, and management positions in the Solomon Islands tuna value chains, women participate in various other roles. They work...
Toyosu Market “Business Almost Dying”
Given the ongoing pandemic which has resulted in lockdowns and the closure of thousands of restaurants and catering businesses, many fresh and deep-frozen fish markets worldwide are currently...
IOT Plant Appoints New GM
Last week, the Indian Ocean Tuna Limited (IOT) cannery announced that its General Manager, Nicol Elizabeth, will be stepping down from his role. In 2018, the Thai Union-owned company had...
50% Drop In Food Service To Hit Spanish Canners
The Spanish tuna and seafood processing sector as well as food services are feeling the sharp sting of plummeting business due to the coronavirus crisis. This week, the Spanish National...
US Start-Up Wants To Take Tuna Off The Table
Yet another company is jumping on the plant-based alternative wagon, which is feeding off the popularity of the tuna business. This time a technology start-up in the US has claimed to...
Japanese Buyers Spreading Out Their Canned Sourcing
The demand for canned tuna in Japan kept steady in 2019 as buyers imported almost the same volume as the previous year. In the 12 months of last year, a total of 65,091 M/T of canned tuna was...
US Oil Price Goes Negative, Will Marine Fuel Be Next?
This week, for the first time in history, US oil prices turned negative due to the low demand amidst the coronavirus pandemic while storages are full and with little outflow. This meant that...