This week Kyokuyo Co Ltd announced that it saw an increase of 7.6 percent on operating income to JPY 2.47 billion (USD 21.1 million) for the April through December period of 2015. Net sales...
Trade
Will Latin Tuna Brands Be The Next Takeover Targets?
Europe is becoming a tougher place than ever to finalize deals and mergers within the tuna industry, and as costs continue to rise on the continent, opportunities for investment can be both...
German Deal Sparks Strong TU Stock Recovery
A significant pick-up has emerged in Thai Union share value, with price shooting up into much more favorable figures. In spite of the mounting pressures that the company has faced, a renewed...
TU Tuna Fleet Write Down Eats Q4 Profits
The world’s largest canned tuna producer, Thai Union, is set to record a fourth quarter profit knock after being forced to absorb the expenses incurred from its abandoned Bumble Bee merger...
How Discounters Could Change Latin American Tuna Consumption
While discount retail chains have been claiming an increasing market share across Europe over recent years, in terms of tuna consumption, their importance among Latin American shoppers is...
Large Scale Arrests By Thai Anti-IUU Taskforce
Thailand’s recent crackdown on IUU, in light of its yellow card extension by the EU, has seen the arrests of over 100 individuals. As the globe’s third largest annual exporter of seafood,...
Latin America New Region For Asian Tuna Investment?
With Europe becoming a tougher place to finalize tuna industry mergers and deals, there is the expectation that Latin America could become the new region to attract Asian investment in the...
Brussels Praises Philippines Over Increased Exports
The European Commission has praised the Philippines for making good progress under its GSP+ program, which has allowed the country to grow its exports to the EU by over 19 percent from January...
The End Of Bearish Mood On Bangkok Price?
The bearish mood on the Bangkok skipjack market appears to be fading, as traders have started asking for higher prices on low volumes. Despite no large deals being finalized yet, negotiations...
UK Tuna Sales Slump
In recent figures published by UK public body Seafish, tuna sales over the Christmas period dropped by 7.7% to GBP 18.1 million, placing in third for the 2015 Christmas period of the seafood...
Thai Canned Tuna Exports Plummet
A bearish trend has hit Thailand’s canned tuna shipments as volumes of the product to the world’s largest canned tuna import markets have seen a year on year decline of 13 percent, with the...
TMI Wants Government Support On Cannery
Despite opening its doors just a year ago after a multi million dollar investment, Tri Marine is struggling to keep its American Samoan cannery in operation as troubles with supply have now...
Feds Step In To Delay Price Fixing Movement
The US federal government has stepped in to delay the forward movement of litigation against the country’s Big 3 canned tuna brands, and their main supplier, Tri Marine International. All have...
Will The New Tsukiji Have The Same Massive Attraction?
Scheduled to open in November this year, Tokyo’s world famous Tsukiji market move has not been without controversy. The existing home to the market, now over 80 years old, is in a state of...
Highest Traded Value Fish: How Does Tuna Score?
Official FAO data has revealed that for the first time in decades, shrimp has been knocked off its top spot of being the world’s most traded seafood product, with salmon now leading the way in...
US Market Loses Its Taste For Thai Canned Tuna
Thai canners are fighting to keep up their export volumes to the US market, but it appears that buyers in the nation have been losing taste for the product, as imports into the massive market...
Princes Increasingly Targeting French Market
After expanding its brand into the French market just two years ago, Princes has now opened a new office in Paris following reports of strong growth in the country across its canned tuna range...
UK Supermarkets’ Desperate Fight Against Aldi & Lidl
There’s no stopping the rise of the German discounters, it seems, as Aldi and Lidl have been named top in a list of the UK’s favorite brands of 2015. Recently the two international chains have...
UK Supermarkets Lower Prices To Compete With Aldi + Lidl
Aldi UK 2015 Morrisons 2015
Wegmans Follows Kroger Into Collusion Claims
Adding yet another high profile name to the price fixing case against the US Big Three, major US grocery store Wegmans has joined Kroger and a number of others in filing an anti-trust lawsuit...