German buyers notably increased their canned tuna purchases last year, and Filipino processors fulfilled a large chunk of the bigger demand, offering CFR prices that strongly outcompeted most...
Trade
High Speed Exhaustion Of EU Loins Quota
The EU pre-cooked tuna loins duty free quota was exhausted in a matter of days, the European Commission has confirmed, seeing thousands of tons of tuna reach European canners at the start of...
Spain’s Innovation Focus Drives Strong EU Trade Boost
With a target to advance their international market presence, Spanish canners have substantially boosted their exports to other EU markets, with nearly a 30 percent increase achieved. ...
Phil Canners Sacrifice Margins To Secure EU Business
Canners in the Philippines have positioned their prices well below other major EU canned tuna suppliers, seeing them gain a stronger foothold in the market, which sources have put down to the...
How Revolutionary Is Fiji Blockchain Experiment?
In a bid to combat illegal fishing and labor abuses in the tuna industry, the first stages of a blockchain technology program that reveals the journey of a tuna from ocean to supermarket shelf...
Competitive Pricing Drives Ecuadorian Export Growth
Processors in Ecuador are reaping the benefits of stronger demand displayed from buyers in the EU, achieving the most notable increase in their volumes sent. Although they have also seen a...
Ensis Expects Trebling Of Trade Thanks To Chinese FTA
Maldivian tuna firm, Ensis Fisheries, is upbeat on the signing of a Free Trade Agreement (FTA) between its home nation and China, predicting it can triple the tuna export volumes it is...
Latin America The Market To Watch, Consumption Figures Show
Consumers in Latin America are predicted to show a significant strengthening in their appetite for seafood products, with per capita consumption expected to rise by over two kilograms come...
Chinese Fishing Firm Bets On Double Profits For 2017
Chinese tuna fishing firm, Shandong Zhonglu Oceanic Fisheries, expects its full year 2017 financial results to be much stronger than 2016 levels. Higher tuna prices and increased purse seine...
BB CEO Accused Of Breaking Law To Protect Lion Capital
A filing from the legal counsel for several plaintiffs, including major US retailer, Kroger, alleges that as part of the long-running tuna price fixing scandal, Bumble Bee’s CEO, Chris...
Chinese Online Giant To Open 1,000 Offline Stores
One of the largest online retailers globally, JD.com, has committed to opening around 1,000 physical stores in its home country, China. The decision marks the most recent move by an e-commerce...
Heavy Drop In IO YF Price After Fleet Restarts
Shortly after the major IO tuna fishing fleets have restarted their operations, both skipjack and yellowfin prices in the region’s trading hub have taken a significant tumble, following a...
Maldives Expects Tuna Trade Boost From Chinese FTA
The Maldives and China have secured a Free Trade Agreement (FTA) that will see the countries slash import tariffs on more than 95 percent of goods traded from both sides. As some Maldivian...
Bangkok SKJ Quotes Slide As 2018 Starts
On the back of stronger catches and limited demand at the close of 2017, the Bangkok skipjack price has slumped again as the New Year starts. There is a general bearish mood in the market....
Finnish Imports Rebound, Thai Canners Biggest Winners
Finland’s canned tuna imports recovered in the first eight months of 2017, climbing back up after a 2016 slump. The biggest tonnages came from Thai and Mauritian processors, who year on year...
Could EU FTA Lead To Massive Thai Seiner Fleet Expansion?
The EU has given signs Free Trade Agreement (FTA) talks with Thailand could be restarted, raising concerns over the increased competition it may bring to the EU tuna market. Some have...
IO Seiners Back Out, But For How Long?
Spanish and Seychelles flagged purse seiners operating in the Indian Ocean are back out fishing, after being tied up in port during the last weeks of 2017. Many of these seiners left port...
Raw Material Price Pressures Knock Princes Profit
The UK arm of Mitsubishi Corporation, Princes Limited, has recorded a heavy profit drop for the financial year ending March 31st 2017. It cites raw material price pressures, but also currency...
Strong South American Business Recovers Jealsa’s Sales
One of Spain’s largest tuna companies, Jealsa, is expecting to close its 2017 books with a turnover of EUR 600 million (USD 723 million), its President Jesús Manuel Alonso Escurís...
Hong Kong To Become Center Of TU’s Chinese Ambitions
As part of its ambition to more strongly target the Chinese market, Thai Union has established a wholly owned subsidiary in Hong Kong, focused on increasing sales of frozen, chilled and...