Having a growing stake in the Spanish canned tuna market has pushed Italian Bolton Group’s profits up almost 10 percent for full year 2016, the firm has announced. In April 2015, Bolton...
Trade
More Civil Price Fixing Suits Pile On Big 3
Three new civil lawsuits have been filed that accuse the Big 3 canned tuna brands of colluding to fix the prices of their products for over a decade, adding to the large number of cases now...
Thai Canners Still Struggling In EU Market
Processors in Thailand are struggling to reach the EU market at the same pace that has been seen in the past, with a significant slump in the volume of canned tuna sent to the bloc so far this...
Court Denies Industry Challenge On US Fraud & Traceability Rule
A federal court has upheld the US government’s Seafood Import Monitoring Program (SIMP), introduced to ensure traceability of fisheries products entering the US market and to stamp out fraud...
Canned Tuna Imports Rise Amid Shifting Japanese Taste
Although canned tuna is still not the most popular tuna product in Japan, the taste for it does appear to be rising, reflected in a boost in imports by buyers in the nation. It’s been reported...
Tuna Exports Give Strong Push To Vietnam’s Seafood Business
Seafood exports from Vietnam are expected to see substantial growth in the rest of this year, largely thanks to a boost in tuna shipments. However, while there is firm optimism from the...
Bangkok Price Breaks Through Resistance Barrier
After weeks of staying steady, there has been a sharp rise in the Bangkok skipjack market, and the movement is said to come in reaction to an upward spike in EPO prices. The elevation takes...
Investor Confidence In Dongwon’s Shares Sinks To Year Low
After a period of riding high, Dongwon Industries’ share price has slumped significantly, hitting a one year low, and is far underperforming the South Korean index. With the company caught up...
Thai Canners Lose $75m In One Major Market
A currency crisis in Egypt has seen the country’s tuna imports drop dramatically, and this has resulted in Thai canners losing USD 75 million in sales with this market in the first seven...
Bangkok Skipjack Price Staying Put?
Having stayed at the same level since mid-June, the Bangkok whole round skipjack price is showing no signs yet of moving off this mark. Despite supply to the Thai capital being notably short,...
Concern Over Tuna Served In China
DNA samples have revealed that a chunk of the tuna served in restaurants in China is Southern bluefin, findings that are causing concern due to the vulnerable status of the fish. More...
Bumble Bee Inks Deal For $850m Financing
Bumble Bee Foods has announced that it is refinancing 100 percent of its debt, a deal inked on the heels of agreeing to pay a multi-million dollar criminal fine as part of a plea deal in the...
EU: PNG Exports Fall Short Despite Given Preferences
At a time when a new PNG government is being installed, the EU has identified that the country’s tuna exports to the bloc can be strongly enhanced with the right reinforcement, and states that...
US Ensures Indonesia’s Tuna Meets New Import Standards
The US government is joining up with Indonesian efforts to reduce IUU fishing and to implement a new electronic regional catch documentation and traceability (CDT) system in the nation’s...
Brits Eating More Tuna Outside Of Home
Even though UK retail tuna sales volumes have been falling in recent years, consumers in the country are still eating the fish, as there has been growing tuna consumption in foodservice...
Thailand: Yellow Carded For Another Year?
The European Commission has hinted that Thailand could hold its yellow card IUU warning for as long as another year, according to Thai press reports, which state that this indication comes...
Canned Tuna Still Falling Behind In Hy-Vee’s Sustainability Pledge
As US retailer Hy-Vee now claims that 100 percent of its fresh and frozen seafood is responsibly sourced and in compliance with its seafood procurement policy, the canned tuna category is...
More Signs Point To TU As Price Fixing Whistleblower
Already speculated earlier in the case, more comments are now being aired that support Thai Union being a probable whistleblower in the US canned tuna price fixing scandal. The fact that...
Thai Canners Need Govt. Help To Deal With Strong Baht
The Thai baht’s rising strength against the US dollar makes it the best performing currency in Asia this year, movement that is causing tuna canners in the country to fear foreign exchange...
Spanish Exports Thrive Off Canned Tuna Shipments
A recent recovery in Spanish canned tuna shipments, especially within the EU, has contributed to an overall boost in seafood exports from Spain, with tuna representing well over half of total...