Trade

Will FDA Lot Codes Be Successfully Implemented?

The US is going stricter on its food tracking standards for tuna and other products. The FDA’s Food Traceability Final Rule, a part of the US Food Safety Modernization Act (FSMA) established...

Thai Union’s Thriving Market Of Tuna Byproducts

Global seafood giant Thai Union (TU) has been valorizing by-products from tuna processing and this market is indeed thriving. Magnus Bergkvist, Head of Science and Research, Global Innovation...

Maldivian Tuna Exports Heavily Declined This Year

Tuna exports from the Maldives nosedived in the first five months of 2024 compared to the previous year, pushed down by a great reduction in the fresh, chilled, frozen skipjack category....

Princes Urges Brands To See MSC As End Goal

The UK-based Princes Group is determined to source all the tuna for its products from MSC-certified fisheries by the end of 2025. Neil Bohannon, Chief Procurement Officer, Princes Group,...

Dongwon Industries Is Under Scanner Of Tax Officials

The Korea National Tax Service (KNTS) is conducting investigations on Dongwon Group’s key affiliates, including Dongwon Industries, owner of the US StarKist brand. Attention is being given to...

EU Regulators In Talks Over New Customs Agency

Over the years, trade to the EU has increased massively and the need to conduct compliance checks on all products, including tuna and seafood, has put great pressure on the EU customs...

WR Yellowfin Demand Hits 5-Year Peak In Q1

EU processors’ demand for frozen yellowfin in the first quarter of the year skyrocketed, while there was a decline in skipjack imports. Atuna Analyst data shows EU plants purchased 37,661 tons...

MIFCO Buys Skipjack At International Market Price

Maldivian state-owned tuna processor MIFCO is buying skipjack from local fishermen at global market prices from the beginning of this month instead of government-determined rates. MIFCO said...

Should Tax On Tuna Products Be Eliminated?

The Spanish government recently chose to exclude tuna and seafood from tax reduction on basic foodstuffs per July 1. Processing and fisheries associations Anfaco and Cepesca were greatly...

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