Choosing to no longer receive financial aid from the European Union could harm the Philippines’ relationship with the bloc overall, and jeopardize its GSP+ free trade status on tuna products,...
Trade
TU Eyes Rising Sales & Plans Capacity Boost
Thai Union expects its second quarter sales results to be healthier than the first three months, based on what it says are seasonal factors in fisheries. Earlier this month, the firm posted a...
Court Rules Forgery On Look-A-Like Tuna From China
The high court of Guyana has upheld the government's decision to block around 2,000 cases of tuna entering the market, following an appeal from the importer. Manufactured in China, the canned...
Princes: First UK Retail Brand To Market Pacifical MSC Tuna
One of the UK’s leading canned tuna brands, Princes, will be the first in the nation to offer MSC certified tuna sourced from the PNA fishery, showing the Pacifical co-brand directly to...
Sri Lanka Gets Back Free Tuna Trade With EU
As of tomorrow, the EU will remove duties on a significant amount of products imported from Sri Lanka, including origin tuna products, having granted the country GSP+ status once again. The...
Mexico Seeks Go-Ahead To Start US Tuna Dispute Retaliation
The Mexican government is seeking authorization to start levying higher tariffs on imports from the US as soon as next week, having recently secured its 5th consecutive win in the WTO...
Why Brexit Won’t Be Too Dramatic For Tuna Business
The consequences of Britain’s EU exit for the tuna sector aren’t likely to be dramatic, according to one industry analyst, who recently presented on global tuna trade shifts. However, the...
Walmart: “Big 3” Job Swapping Facilitated Conspiracy
Conspiracy related to the US canned tuna price fixing case was facilitated partly by the fact that during the relevant period, numerous executives switched from employment with one defendant...
Tuna Industrial Named As Best Managed Company
Global canned tuna leader Thai Union Group has again been named as the best managed company in Thailand, and has also ranked in first place in several other categories in the 17th annual...
Walmart Lists 50+ Tuna Execs As Alleged Conspirators
More than 50 tuna company and organization executives have been listed as alleged “conspiracy players” in an amended complaint filed by leading US retailer, Walmart, in the civil proceedings...
More US Retailers Join Price-Fixing Legal Fight
Two more US supermarket chains have joined the likes of Walmart, Kroger and Hy-Vee in filing complaints that accuse the US Big 3 canned tuna brands of fixing prices, a move that coincided with...
EU Electronic Catch Certificates Not Before 2019
While there has been widespread urgent desire to see Europe's fight against IUU seafood imports assisted by a centralized, electronic Catch Certificate Scheme (CCS), due to delays it is not...
Tuna Export Recovery Pushes Up Century Profit
Century Pacific has announced a healthy net profit rise for the first quarter of the year, for which it partly credits a recovery in the tuna export market. Touching just over PHP 700 million...
WWF Rates Just 10% Of Tuna Products Green
Giving only a tenth of tuna on Sweden’s shelves a green light in its latest “Fish Guide” update, WWF makes a clear recommendation to consumers, stating that they should only buy tuna with an...
US Retailer Makes Responsible Tuna Sushi Switch
US Retailer Hy-Vee has now transitioned all of its sushi to be sourced from responsible fisheries, including its yellowfin tuna offering. The move follows on from a previous commitment from...
Thai Union Expects To Sell Less Tuna
Thai Union has reshaped its forecasted sales and gross margin (GM) results for 2017, factoring in strong headwinds it expects to experience from high raw material skipjack prices, and the...
Bumble Bee Plea A Push Forward For Price Fixing Civil Suits
The many civil lawsuits that are open against the US Big 3 tuna brands have gained momentum, as Bumble Bee pleaded guilty for conspiring to fix the price of canned tuna, giving indication that...
The End Of Tuna Underfilling Suits?
There may have already been an end to class action lawsuits that accuse retailers and companies of underfilling cans of tuna, according to Safeway’s legal counsel, due to the availability of a...
Bumble Bee Pleads Guilty In Price Fixing Scandal
Bumble Bee has agreed to plead guilty for the role it played in conspiring to fix prices of shelf-stable tuna on the US market, the Department of Justice has announced. In what has been a...
TU Posts Profit Rise Despite “Persistent Challenges”
Thai Union has noted a healthy net profit climb for the first quarter of the year, despite what it states has been a challenging environment. Higher raw material prices, particularly within...