A new raw product has arrived at the European market, it is a 100 percent vegetarian dish with tomato as its main ingredient. It also wants to benefit from the status of tuna on...
Trade
Investment Banker Made Fortune Out Of Tuna Fraud Case
Incentivized by a bonus system to increase the loans, Andrew Pearse made himself a fortune. The former head of Credit Suisse’s Global Financing Group testified in the trial...
Japanese Fish Market Still Struggling After Relocation
October marks one year since the Tokyo Tsukiji fish market closed to move operations to the modernized Toyosu Market at Tokyo Bay. All the problems of the older market...
Aldi Australia Discloses Where It Sources Its Tuna
The publication of the seafood sourcing disclosure profile marks Aldi Australia as the first Australian retailer to participate in the Ocean Disclosure Project (ODP). The profile lists...
Lischewski’s Lawyers Book Important Victory
As the beginning of Lischewski’s price-fixing trial early next month approaches, the US federal judge on Friday, October 18, said that the jury will not be allowed to...
Bumble Bee Starts New Broker Coverage Model
Bumble Bee announced its move to a ‘Best in Market’ broker coverage model to prepare for growth in 2020. The new sales approach will consist of direct, broker assist, and local broker...
Galician Frozen Tuna Paying Lower Fee?
During the month of October, the Port of Marin in Spain becomes one of the largest entry locations for frozen fish in the country. More than 6,000 M/T of these products are expected...
Bumble Bee Steps Back From PAFCO
The current supply of albacore to Fiji’s processing plant, PAFCO, is not enough to sustain domestic demand or even to run production efficiently. The local government...
Canada: Cheap Catfish Sold As Expensive Tuna
Widespread fraudulent practices in the Canadian fish market are resulting in cheap catfish being mislabeled as expensive tuna, amberjack posing as yellowfin, escolar being...
Do Century’s Russia Deals Boost Its Market Value?
The five-day visit of Philippines’ President Rodrigo Duterte to Russia has resulted in possible lucrative deals for Filippino tuna canner Century Pacific Food Inc (CNPF). Century Pacific...
TU Yellowfin Slices Runner-Up At Thai Innovation Expo
A new acknowledgment was given to the Thai Union Group for its Yellowfin Tuna Slice. It received the runner-up award in the Product Design category at the Innovation Thailand Expo 2019...
Readers: US Consumers Will Choose Higher Quality Albacore
In spite of the higher price of albacore products, an overwhelming 80 percent of our readers believe that the US demand for this quality tuna product will grow. They expect that US consumers...
Doubling Of Ecuadorian Diesel Prices Called Off
After over a week of violent protests that rocked the nation, the Ecuadorian government reached an agreement with the protest leaders to restore fuel subsidies to end the...
Maldives Exports Grew In September
Maldives increased its overall consignments by 22 percent to MVR 166 million (USD 10.78 million) due to an improvement in fishing. According to the nation’s Customs Service, MVR 75...
“Love Fest” Between USA And China Postpones Higher Tuna Tariffs
Trump said it is "a very substantial phase one deal," explaining that the agreement could be compared to a "love fest" after months of friction. Chinese state media approached it differently,...
Tokyo’s Toyosu Bluefin Auction Going Strong
One year after the relocation of the most popular fish public sales in the world, the Tokyo bluefin auction from Tsukiji to Toyosu, the new fish market,...
John West UK Reports Steep Profit Increase
UK’s largest canned tuna company, John West UK, experienced a major increase in its gross and operating profits in 2018 over a declining turnover. The Thai Union-owned brand reported a...
Tunisian Manar Thon Starts Alliance With Tea Company
Tuna cannery, Manar Thon, will be receiving financial backing from the investment arm of a Tunisian bank for its alliance with Moroccan tea and sugar distributor, Somathes. BMCE...
Mexico Exported Record Worth Of Bluefin In 2018
Mexico exported USD 123 million worth of bluefin in 2018, which was higher than the previous record of USD 87.5 million in 2016. However, 2019 might surpass the previous marks. Already...
Anuga Food Fair Ends – Busier Than Ever
The world’s largest and oldest trade food fair, Anuga, ended yesterday in Cologne after five days of commercial networking, meetings, and trading by tuna professionals...