When pleading guilty to conspiring to fix prices of shelf-stable tuna on the US market in May, Bumble Bee agreed to pay a criminal fine of USD 25 million. The Department of Justice (DOJ) is...
Trade
Alliance Select Slices Share Value In Half
As part of an equity restructuring program aimed at wiping out its current deficit, Philippine tuna canner, Alliance Select Foods International, is cutting the par value (face value) of its...
Spanish Canners Forced To Accept Lower EU Prices
After struggling in the EU market earlier in the year, Spanish canners are increasing their canned tuna exports to other member states again, with stronger demand in Italy playing a...
Possible Strategic Sale Of Bumble Bee’s Clover Leaf Brand
As market rumors circulate that UK private equity firm, Lion Capital, is looking to sell off the Canadian tuna operations of Bumble Bee Foods, one industry source tells Atuna that such a deal...
The Asian Nation Making Serious Gains In US Market
A larger US market share has been commanded by tuna canners in Vietnam, which have upped their shipments to the nation considerably, at a time when other major US suppliers have seen their...
Investors Less Confident In TU’s New Reforms
The loud applause given to TU’s “game-changing” tuna supply chain reforms, at the hands of a strong Greenpeace campaign, is not continued with investors, and the firm’s share price has dropped...
Sharp Drop In UK Imports
Sales reports on the UK market have shown almost continuous decline in terms of the retail canned tuna segment in recent years, and imports by buyers in the country are reflecting the same...
Several Executive Changes For TU’s Chicken Of The Sea
As part of a relocation of offices, Thai Union’s North American Division, namely Chicken of the Sea, will see a number of new executives joining its ranks, to manage one of the leading US...
Phil Canners Giving Up On US Market For EU?
It seems as though the US market is becoming even less attractive for Philippine tuna canners, after processors previously stated that their focus was on other export destinations, like the...
Sharp Slump In EU Business Hits Thai Canners
Nearly a 20 percent decline was seen in EU imports of canned tuna supplied by Thai processors in the first four months of the year, adding pressure to canners that already saw a quarter of...
Thai Union Cuts Down Ambitious 2017 Sales Target
Thai Union has lowered its earlier ambitious 15 percent sales growth target for the year, down to an undisclosed single figure, in an environment it states is presenting economic and political...
Rising Global Protectionism Clouds Tuna Investment Picture
The rise of protectionism in the West has got Asian companies looking homeward when it comes to building on their business. Thai Union, just one example, states that in other regions, the...
Industry Disappointed Over JD.com Axing Bluefin
The decision of one of China’s biggest online retailers, JD.com, to delist Australian Southern bluefin tuna just days after it was first advertised for sale, has created strong reactions from...
Ecuador’s Canners Face Fierce Competition In EU
Tuna canners in Ecuador are feeling the heat of the competition in the EU market, as they lose a considerable chunk of their business with buyers in the bloc. Aggressive pricing from Asian...
Canners Take A Breath Amid Rising SKJ Prices
While skipjack prices still remain at highly elevated levels in Bangkok, there has been little change in the market in the last days, as sources explain that some packers have been able to...
Frozen Tuna Sales Climb Back In UK Easter Time
Frozen tuna sales during the UK Easter period have shown a solid recovery year on year, as shoppers tend to eat less meat, and make fish the more common center of their meals. While the boost...
Mareblu Targets Double Digit Growth In Italy
The second biggest tuna brand in the Italian market, Thai Union-owned Mareblu is targeting a sales growth of 10 percent this year by offering more value added tuna products to consumers....
Strong Italian Demand Outperforms Other EU Markets
Of all major EU canned tuna markets, buyers in Italy are showing the strongest growing demand for imports of this product, as they up their purchases distinctly from last year. In 2017’s first...
Tesco Launches First Own-Brand MSC Tuna Cans
The UK’s biggest retailer, Tesco, has stepped up on its sustainable tuna sourcing and has recently brought out its first range of private label MSC certified canned tuna. Although the...
Phil Canners Most Competitive In EU Market
A weakening of the local peso exchange has significantly boosted the competiveness of canned tuna sold by Philippine processors to EU buyers, reflected in a sharp rise in shipped volumes....