Pacific island nation Tuvalu held its national elections on January 26 and speculations are rife that WCPFC’s former Executive Director, Feleti Teo, might be leading the new administration....
Trade
Spanish Fishing Firm Wofco Gets Approval To Acquire Fandicosta
Spain’s Worldwide Fishing Company (Wofco) has been given the green light by banks to buy beleaguered Galician seafood firm, Fandicosta, for a value between EUR 21 and 25 million....
AliExpress Nearing Deal To Sell Dongwon Tuna On Platform
Chinese e-commerce giant AliExpress is looking to expand its foothold in the South Korean market by introducing Dongwon tuna products. AliExpress is notorious for selling “cheap and...
EU Canned Tuna Sector Must Innovate & Adapt To Challenges
– Viewpoint – The European canned tuna market is one of the most critical businesses in the world, but also one of the most competitive and demanding. According to Anfaco's estimates, ambient...
NGOs Urge White House To Take Over SIMP Review
A group of NGOs recently penned a letter to the White House asking the Executive Office of the President to directly review the Seafood Import Monitoring Program (SIMP) initiated by NOAA and...
US Canners Bought Record Low Foreign-Produced Albacore Loins In 2023
US processors reduced their intake of frozen pre-cooked tuna loins by 8,486 M/T, YoY, despite a slight price drop. Mauritius and Vietnam increased their trade amid declining market demand...
Princes Group Sales Negotiations Halted
Italian food manufacturer Newlat Food has halted its talks with Mitsubishi Corporation over acquiring the Princes Group which includes the ambient tuna division, after the Japanese company...
American Demand For Pouches Stronger Than Ever, Imports Hit Record Level
It is official, American consumers' preference for convenient and healthy ready-made tuna pouches has grown even more and the latest customs data confirms this. In 2023, US brands and...
Bangkok Canneries Pick Up Production, SKJ1.8:BKK Sees Modest Fall
The trading price of frozen whole round skipjack in Bangkok has only seen a modest fall even though supply of tuna continued to be excellent, but buyer demand has picked up. Sources close to...
Jealsa Invests Millions In Pet Food & Circular Economy Business
Spanish processor Jealsa injected EUR 7.2 million (USD 7.7 million) into its recently created subsidiary ‘Seanergy 360'. The three businesses that makes up ‘Seanergy 360’ are Pet Select (pet...
Santoña Plant’s Dismissed Workers Sue Atunlo For Salaries
Atunlo’s cannery workers from the closed Santoña site are suing the Spanish tuna loins producer for non-payment of their salaries despite having negotiated the employment regulation plan (ERE)...
American Tuna Waiting On “Favorable Ruling” On “100% Caught & Canned In America” Case
American Tuna hopes to be free from the lawsuit that alleges the company misled customers by marketing that its tuna is sourced from US waters. Both the company and the plaintiff New Yorker...
Pressure Mounts On TU Family Member To Drop Soccer Club Ownership
Fans of English soccer club Sheffield Wednesday ramped up pressure on its owner Dejphon Chansiri, a member of the Thai Union family, to “get out of the club.” High ticket prices, a lack of...
After Years Of Aggressive Expansion, Thai Pet Food Business Nosedived In 2023
Last year, Thai processors struggled to keep their canned tuna pet food business at the peak level as it was in 2022. They already experienced weakened sales in the earlier part of 2023 and...
Controversial Spanish Tuna Company Announces Bankruptcy
The La Rioja-based Plaza Chica is the latest Spanish company to enter into voluntary bankruptcy proceedings. It grabbed headlines in January when four of its managers got arrested for alleged...
US Cuts Back On Canned Tuna Imports In 2023
US ambient tuna imports were worth USD 584.35 million in 2023, a large drop from the USD 664.19 million the year before. American retailers and traders reduced their buying by 13 percent in...
Readers: Thai Canned Tuna Trade Will Decline Further In 2024
Thai processors faced a major setback in their business in 2023 by shipping only 415,787 M/T of canned tuna, a whopping 14 percent drop from the previous year. This was also the lowest volume...
Italian Canned Tuna Price Rose Over A Tenth in 2023
The Italian canned tuna sector experienced a difficult 2023. The inflation and high commodity prices, especially olive oil, increased production costs causing a rise in consumer prices....
Mozambique President Not Off The Hook Yet In Tuna Scandal
The tuna bond scandal has come to bite back Mozambique President Filip Nyusi as Abu Dhabi-based shipbuilder Privinvest wants to drag him back to the case in the London High Court. Nyusi was...
Council Warns Over Negative Impact Of EU-Thai Free Trade
The much-anticipated EU-Thailand Free Trade Agreement (FTA) has clearly been worrying Spanish processors. The Market Advisory Council (MAC), which provides guidance to the European Commission...