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...
Trade
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...
One Of Toughest Years For Thai Tuna Exports Yet
Last year was one of the toughest for Thai tuna exporters, with short supply and a strong baht currency making products less competitive, states Thai Tuna Industry Association (TTIA)...
ATUNA: End Year Break From Dec 25th Through Jan 1st
The ATUNA team would like to wish you a Merry Christmas and a Happy New Year, with all the best wishes for 2018! During the festive period we are taking a short break, and our offices will be...
“Deflationary Pressures” Hit UK Importer’s Top Profits
UK tuna importing firm, Lovering Foods, has witnessed a notable profit drop for the latest financial year. In 2015 the firm was named on the Sunday Times Profit Track 100 list, branding it one...
US Fraud/IUU Rules Start With Relaxed Enforcement
Tuna buyers in the US market are getting ready for the implementation of the government’s Seafood Import Monitoring Program (SIMP), which will come into force in under two weeks. However, the...
Grupomar Eager For Slashed EU Tuna Tariffs
Major Mexican tuna industry player, Grupomar, is keen to see the successful conclusion of a Free Trade Agreement (FTA) between Mexico and the EU, stating the industry has suffered a lot, and...
Booming US Bonito Imports, NOAA Remains Silent
Over the last couple of months, imports of canned tuna-like species into the US have reached their highest volumes yet. Vietnamese firms have now also emerged as big suppliers and there is...
Inventory Reduction Sees BKK SKJ Price Tumble
The current reduced demand seen from Thai packers is reflective of the usual end of year trend, when canners commonly lower their dry and frozen storage inventories before they close their...
Innovative Cartoon-Style Albacore In Sauces Range Launched
An innovative tuna product line has been launched that has taken the company’s customary bonito del norte (Atlantic albacore) and added a range of flavors, combined with cartoon-style...
Claims Against Big 3 Collusion Keep Piling Up
With yet another civil complaint filed in the price fixing saga, the latest plaintiffs point out that while canned tuna demand has been falling in the US market, dollar sales have climbed...
Ecuador’s Tuna Sector Biggest Winner From FTA
Tuna processors in Ecuador are named as one of the biggest winners when it comes to boosted business since the signing of a Free Trade Agreement (FTA) with the EU and two neighboring nations....
Frime Becomes Industry’s First To Accept Bitcoin Payments
The Spanish processor Frime now accepts Bitcoin as a form of payment for its fish products, including its specialty - tuna. The firm claims to be the first in the tuna industry to give...
The Double Sustainability Promise: MSC And Organic
The Spanish canned tuna brand, Campos has launched a new tuna product which features two sustainability labels - MSC and ENEEK. Although it is not the first brand to take this initiative,...
EU Agrees To Restart Free Trade Talks With Thailand
The European Commission has agreed to resume political contact at all levels with Thailand, including opening the possibility for restarted Free Trade Agreement (FTA) talks with the Asian...
The US Canned Tuna Market: An Oligopoly?
The US price fixing scandal has shown how the canned tuna market in the country is an “oligopoly”, with the Big 3 brands dominating the concentrated market, according to a lawyer deeply...
The US Canned Tuna Market: An Oligopoly?
The US price fixing scandal has shown how the canned tuna market in the country is an “oligopoly”, with the Big 3 brands dominating the concentrated market, according to a lawyer deeply...
Target Buys Same-Day Delivery Service For $500M
One of the largest retailers in the US, Target, has bought the Alabama-based delivery startup Shipt for USD 500 million. The acquisition is hoped to strengthen the competitiveness of the...
Did Bangkok Face Raw Material Shortage This Year?
For several months of this year, WCPO boatowners reported very low catch rates and less raw material volume was heading to Bangkok. But did this mean Thai canners faced a supply shortage?...
Vietnam’s Processors Outperform 2017 Target
Tuna exporters in Vietnam have already outperformed the value goal set for their full-year 2017 shipments, having hit over USD 540 million by November. While high tuna prices will have had a...