Although the overall volume of shelf-stable tuna sales on the US market has dropped, the value of purchases increased over the last two years. The popularity of pouched products and...
Trade
China Slashes Tuna Tariffs By Nearly 50%
Import tariffs on six species of tuna will be slashed by almost 50 percent, China’s Ministry of Commerce has announced. The cut on duties for fresh and frozen tuna, along with more than...
Analysts Expect Sharp Profit Hike For Dongwon F&B
A number of analysts are expecting profitability for Dongwon F&B to “improve sharply” in the second half of this year, and into 2019, “on the back of the decline in raw material input...
SKJ Price Drops During Bangkok Conference
As many negotiations and deals played out during the largest tuna industry gathering in Bangkok this week, big volume buyers attempted and succeeded in pushing down the whole round skipjack...
TTIA Confident Strong US Trade Can Continue
The recent upturn in Thai canned tuna exports to the US market can be sustained, according to the Thai Tuna Industry Association (TTIA) President. The improving image of Thai product in this...
Tuna’s Major Cost Factor: Peak Oil Prices Expected
Crude oil prices stand just above USD 70 per barrel today, and many analysts are expecting a continued rise through the coming months, with a peak at the end of the year. With oil making up...
Bumble Bee CEO Lischewski Takes Leave Of Absence
Just ahead of the start of World Tuna Conference in Bangkok Bumble Bee CEO, Christopher Lischewski, has stepped down from his lead role after facing indictment charges as part of the ongoing...
Alliance Thanks Tuna For Decade High Profit Result
First quarter 2018 net profit results for Alliance Select have sailed to the highest level of the last ten years, and are substantially stronger than in 2017, the listed company has revealed....
TU Might Set $50m Aside For Price Fixing Settlements
Major Thai analyst firm, Bulaluang Securities, expects Thai Union to set aside USD 20-50 million this year for settlements in civil price fixing litigation, which not only involves itself, but...
50% Of Italians Put Canned Tuna In Their Top 5 Foods
In Italy, around 50 percent of people say that canned tuna belongs in their top five foods, and they could not give it up, a recent survey reveals. Total consumption of the product climbed in...
Century Plans Product Price Hike Amid Cost Pressures
Having experienced a slight weakening in gross profit margin in this year’s first quarter, Century Pacific is looking at ways to push the figures back up, and is planning a series of product...
EU/Vietnam FTA Benefits Loins, But Not Canned Tuna
A Free Trade Agreement (FTA) signed between the EU and Vietnam, which is yet to be officially implemented, is expected to increase the imports of pre-cooked tuna loins from the Asian nation,...
US Bonito Imports Surge In Foodservice Channel
A strongly rising volume of canned bonito-like tuna being imported into the US market has continued, as the latest data shows a more than 50 percent hike on the same period last year. This...
Bumble Bee’s CEO Lischewski Indicted By US DOJ
The President and CEO of Bumble Bee Foods, Christopher Lischewski, has been indicted by a federal grand jury as part of the US Department of Justice’s (DOJ) criminal investigation into price...
BKK SKJ Price Steady Amid Slow Trading
After increasing for several weeks, the Bangkok skipjack price now remains steady from earlier in the month, as there is little trading activity in the Thai capital. Many cold storage...
Canned Tuna With Alcohol, A New Niche Market?
An innovative addition to the canned tuna segment is about to hit the European market, as a new gourmet tuna product with alcohol will be introduced in Portugal this summer – the first ever...
Can Thai Canners Accelerate Egyptian Market Recovery?
While there has been some increase in both volume and value, Thai canners have a long way to go before they fully recover a sharp loss in business suffered with buyers in Egypt last year. The...
“Robust” Sales & Pricing Push Century’s Profit Back Up
After suffering a dip in 2017, Century Pacific’s profit has climbed back up, as the firm announces a solid increase for this year’s first quarter. The leading Philippine tuna canner believes...
Vietnam’s Canners Expect Further Boost In German Market
After gaining market share last year, tuna canners in Vietnam are expecting to further increase shipments to Germany through 2018, and have already seen a strong first few months. As a whole...
Program Ready For Tuna2018: Sustainability Central In Bangkok
The agenda for the world’s largest tuna conference in Bangkok is now ready, and the three day event of Tuna2018 will offer a packed program. Everything from FIPs, FADs and labor standards are...