The European Union has released funding for a study to come up with a new brand for Mindanao products which will allow them to compete for high prices in the export market. The financing also...
Trade
Alliance Gets Going With Plans To Pocket USD 22 Million
Hoping to raise funds for its capital expenditures, Alliance Select, despite objections from minority stockholders, has a plan to ramp up USD 22 million, offering one billion new rights shares...
$11.3 Million Of Drugs Smuggled In Tuna
Investigators and police in southern Taiwan have busted a drug smuggling operation which used frozen tuna to conceal 138kg of amphetamine being exported abroad. According to the Ministry of...
Walmart Does Not Need MSC For Canned Tuna
US food distribution giant Walmart says it has updated its policy on buying canned tuna from sustainable sources. In 2011, the company made a commitment that all its seafood – “fresh and...
Philippines And Vietnam Form Tuna Partnership
Vietnam is set to send a working group to the Philippines to learn more about tuna fishing and processing technologies, according to the Deputy Minister of Agriculture and Rural Development,...
EU Red Card Makes Sri Lanka Bleed
Sri Lanka has suffered a revenue loss of USD 75 million due to its red card on IUU with the European Union, a government spokesperson has said. Previously, it was estimated that the annual...
Ministers Want Flexible Rules Of Origin From EU
Calling for the EU’s commitment to EPA negotiations, PACP Trade and Fisheries Ministers, meeting in Fiji last week, emphasized that such an agreement must deliver benefits to all members. This...
Tuna Linked To USA Salmonella Outbreaks Recalled
Frozen yellowfin chunk meat sourced from a processing plant in Indonesia is being recalled after officials in the Minnesota Department of Health found that samples of the product were...
Shanghai Sushi Bars Changing Tuna Business
The chairman of the Australian company Beston Global Food, Roger Sexton, believes the explosion of sushi and sashimi bars in Shanghai and Beijing is proof of the long term growth prospects of...
“Gluten-Free” Calvo Tuna Targets Health Conscious Costa Ricans
Riding on the health conscious wave in Costa Rica, new ’Light’ Calvo cans have hit supermarket shelves, hoping to attract customers with a gluten-free, reduced fat, and low calorie promise....
Discounters Storm Ahead In Private Label War
The rise of the German discounters is shaking up the tuna business, among other sectors, and driving a shift in supermarket sales. As Aldi and Lidl significantly boost their UK market share,...
Dramatic Drop In Swedish Tuna Imports
The Swedish population in 2014 consumed a significant smaller amount of canned tuna as they did in 2013, and retailers are struggling to reverse the trend. Imports dropped a shocking 19% ....
Carrefour Introduces Pole & Line Under Private Label
International French based retailer Carrefour has just announced the launch in its French stores of two new canned tuna products, under its private label, which are fished using the pole and...
Bullish Trend On WCP Skipjack Persists
Skipjack prices in Bangkok continue their firm upward trend. Prices have already reached USD 1300 per M/T CFR Bangkok for skipjack and some medium size factories are already booked at USD 1300...
TUF Releases Dates For New Share Sales
Preliminary dates have been announced regarding the sale of Thai Union Frozen Product’s newly issued shares. The ordinary shares will be available to the company’s eligible existing...
Nostromo’s Passion Comes From “The Heart Of The Sea”
Nostromo, one of Italy’s market leaders in canned tuna, is back on television screens with a new advert after a year’s absence. The company has invested EUR 1.5 million on their new...
Tough Fight Ahead To Reconquer Lost Markets
There could be a tough fight ahead for Sri Lankan fresh and frozen yellowfin tuna exporters, as competition in the Philippines particularly is grabbing markets that were previously supplied by...
Africa’s Top 5 Exporters To The EU
Often the important role of Africa as a major canned tuna supply source is overlooked. As a continent, Africa is the world’s second largest exporter of canned tuna to the European Union. In...
Vietnam’s New Tuna Auction
A new higher standard tuna port and auction market are set to be built on a six hectare area in the port of Tuy Hoa city in Vietnam to create more value for Vietnam’s tuna landings. After...
Century Pacific Targetting European Expansion
Filipino canned food manufacturer Century Pacific Foods Inc. is keen to increase its presence in the European market in order to grow its business, now that the Philippines’ largest tuna...