The world’s largest food and beverage fair Anuga will begin this weekend from October 7 to 11 in Cologne, Germany. The event expects to welcome almost 8,000 exhibitors from about 100...
Trade
Slumping Sales Make Spanish Canners Cut Back On Loins
Trade in frozen pre-cooked loins has fallen in the first six months of this year, with Spanish producers cutting back on their buying. In 2022, EU processors imported historically high levels...
COS New Tuna Flavors Carry Partner Food Companies’ Logo
Chicken of the Sea (COS) has joined hands with US food company McCormick to launch three new tuna flavors in pouches. The brand claims that all products “ deliver both taste and nutrition in a...
Princes Group Bidding Intensifies, Speculation Of USD 845 Million Value
The Princes Group, which owns ambient tuna brand Princes, could be sold for GBP 700 million (USD 845 million) before the end of the year, at a much higher price than what it was validated at...
EU Processors Reduced Their Loins Demand Due To Record Prices
The demand for frozen pre-cooked loins continued to decline in the EU in the second quarter of 2023, driven down by high prices of the intermediary product and a significant drop in canned...
Thailand Continues To Be Finland’s Main Canned Tuna Supplier
Finland drastically reduced its intake of canned tuna in the first half of this year from both foreign and other EU processors. Thailand, which emerged as the top seller, increased its...
Tuna Bond Scandal Takes New Turn As Mozambique And Credit Suisse Reach Settlement
The decade-long tuna bond case has taken a new twist as Mozambique and Credit Suisse agreed to an out-of-court settlement over the weekend. The Union Bank of Switzerland (UBS), owner of Credit...
Thai Union Family Member Drops English Soccer Club Ownership After Insults
Dejphon Chansiri has decided to stop investing in struggling English soccer club Sheffield Wednesday after being insulted by fans again. In a recent statement posted on the club’s website, he...
Swedish Purchased More IO Canned Tuna In H1
Sweden is the largest canned tuna market in Scandinavia but declined five percent in the first half of 2023. As witnessed in all three Nordic countries in the EU, Swedish traders and retailers...
Denmark Increases Trade With Asian Processors In H1
Denmark has slightly increased its intake of canned tuna in the first half of 2023, a trend observed also in previous three years. Mauritius emerged as the top seller, but Asian processors...
Scandinavian Buyers Reduced Trade Within EU In 2023
Sweden, Denmark, and Finland together imported slightly less canned tuna from January to June compared to their buying in 2022. The five-year trend indicates that the market responded to the...
Vietnam’s 2022 Tuna Exports Revenue Hit Record USD 1 Billion
In 2022, Vietnam’s tuna exports rose to hit peak value of over USD 1.02 billion. It also accounted for nine percent of the total seafood exports’ value for the country that year. The record...
Economic Woes In Egypt Pushes Down Canned Tuna Trade In Middle East
Canned tuna is a popular food item in the Middle East with a growing demand for both domestic and imported brands. In recent years, the region has seen an increase in health-conscious...
Decreased WCPO Transshipments In August, Supply To Bangkok Still Steady
Despite ongoing FAD ban, WCPO catches improved in August but there was a reduction in the amount of tuna transshipped from PNA ports. In August, 54,674 tons of frozen whole rounds...
Will US Congress Pass The USD 600 Million South Pacific Tuna Treaty?
The Pacific Islands have reason to rejoice as the US signed the USD 600 million funding-- spread over 10 years -- for the South Pacific Tuna Treaty (SPTT) on Monday. It is to “promote economic...
French Buyers Switch To Foreign-Produced Canned Tuna
Of the four major EU canned tuna importing nations, only France extended the import of canned tuna in the first half of the year. The traders and retailers switched their sourcing and turned...
Readers Convinced That US Pouch Imports Will Continue To Grow
The US traders, retailers, and restaurant chains increased their purchase of tuna pouches in the first half of this year. The low intake of frozen pre-cooked loins assumes that American...
UK Court Gives Mozambique Green Signal To Sue Privinvest In Tuna Bond Scandal
The UK Supreme Court has given the go ahead to Mozambique's prosecutors to sue Abu-Dhabi based shipbuilder Privinvest for its alleged connection to the USD 2 billion dollar hidden debts...
Americans Increasing Ambient Tuna Buying
US shelf-stable seafood sales, which includes canned and pouch tuna, rose 1.9 percent and its volume also increased by 2.7 percent in August. However, fresh and frozen segments reduced greatly...
Pacific Leaders Keep Fingers Crossed For Upcoming Meet With US President
The much-awaited meeting between US President Joe Biden and the Pacific leaders has been slated for next week. The USD 600 million for the South Pacific Tuna Treaty (SPTT) assured by the White...