Ecuadorian tuna exporters are elated over the recent news that a long-term, usually permanent Free Trade Agreement (FTA) with the EU has been secured; however there is doubt as to what extent...
Trade
Depypere Talks ‘The End Of The Free Trade Era?’
As part of the central theme ‘Rethinking Tuna: Moving Into A New Era’, some key discussions at this year’s European Tuna Conference will focus on whether the end of the free trade phase is...
Bumble Bee Making Up For Lost Tuna Sales?
Top US canned seafood brand, Bumble Bee, has announced intention to concentrate more on its frozen salmon and shrimp product lines. The move appears to be aimed at making up for slipping...
Trump Abandons TPP – A Major Blow For Tuna?
Just days into arguably the world’s most powerful political position, US President, Donald Trump, withdrew the nation he now leads from the Trans-Pacific Partnership (TPP) yesterday; a major...
Filipino Tuna Firms Probed On Tax Fraud
Philippine tuna canner, Alliance Select Foods, is reported to be one of the firms under investigation, as the government of General Santos City (GenSan) is looking into companies that have...
Lidl Brings Yellowfin Back To Northern European Stores
At a time when many brands have started marketing only “tuna” on their packaging and not the specific species, European discount retailer Lidl is going in the opposite direction. The...
Raw Material Price Is No Guesswork?
This week, we invite your judgment on the following statement: STANDPOINT: Tuna Raw Material Prices Can be Predicted Vote here. The European Tuna Conference in April will see the delivery of a...
Value Added Expected To Shrink Chunk Light Sales
We last asked for your opinion on the statement: Value Added Will Take Sales From “Chunk Light”. With concerns over the quality of Chunk Light canned tuna on the US market, and news that...
Poor Catches Make Skipjack Price Hit 2 Year High
In line with recent market mood, last week’s rise in the Bangkok skipjack price sent the global benchmark to its highest level in over two years. Slow catches and short supply have been cited...
Alliance Signs Malaysian Deal On Halal Tuna
Filipino canned tuna processor, Alliance Select Foods, has signed a deal with a Malaysian company for the production of halal certified tuna products, allowing it to expand in Malaysia and the...
TU’s Biggest Ever Loan For Direct-To-Consumer Deal
Thai Union has successfully completed the book building for its largest ever loan, securing long-term financing for a deal that will open up an extensive direct-to-consumer channel for the...
TU Actively Seeking Takeover Targets In South America
Thai Union has strong interest in South American takeovers, and has been negotiating within the region for a potential cannery buyout, according to a source close to the company. Rumors...
The Top Retail Trends That Are Good News For Tuna
If we go by the predictions for the 2017 seafood retail trends, it looks like this year will become a great year for tuna. Most of the expected developments for the next 12 months make a good...
Philippines At Risk Of Losing EU Free Trade?
Tuna could be one of the most at-risk export lines if the Philippines loses preferential trade benefits with the EU, the nation’s Department of Trade and Industry (DTI) has warned. Now...
Surging Oil Price Affecting Boatowners
Over the last 12 months, crude oil prices have surged over 70 percent, since touching a low in early 2016, and there is belief that this year could bring with it excessive market volatility....
“Tuna Scandal”: First Payment Missed?
After stating that it is unable to pay back its massive debts partially brought to the nation by a “tuna bond”, Mozambique has announced it will likely default on the first payment. Today, an...
Can Tuna Prices Be Predicted?
The question as to whether global tuna prices can be predicted will be addressed at this year’s European Tuna Conference, with a closer eye being put on what causes movement in this volatile...
Looming Move Not The Only Threat For Tsukiji Sales
As the planned relocation of the Tsukiji fish market has been delayed yet again, with no clear opening date for the new site, fishmongers that have been selling tuna there for decades are...
John West Owner Backs Sustainability Demands On UK Govt.
More than 80 companies, including John West owner, Thai Union, have teamed up to urge the UK government to demonstrate its commitment to delivering the UN Sustainable Development Goals (SDGs),...
What’s More Important Than Price For EU Shoppers?
A study on what shoppers in EU countries look for when buying seafood products in the supermarket, reveals that cost and appearance come above sustainability for most, when making decisions on...