The EU-Thailand Free Trade Agreement (FTA) will likely be inked soon. This has raised the ire of multiple European organizations including OPAGAC (under which a part of the Spanish purse...
Trade
Halla Foods Engages 73-Year-Old Actress To Celebrate Sales Of 100 Mil Tuna Liquid Bottles
The Korean seafood company Halla Foods is celebrating the cumulative sales of more than 100 million bottles of its Tuna Liquid product within a year. 73-year-old actress Kim Soo-mi is...
Sajo Daelim Expands Premium Line Of Products
Korean food company Sajo Daelim has launched a new range of products under the ‘Premium Tuna Collection Gift Set’ with two cans of each variation: yellowfin, mara, truffle, and albacore. The...
IOTC Re-Elects Jung-re Riley Kim As Its Chairperson
The Korean Ministry of Oceans and Fisheries announced last week that Jung-re Riley Kim has been re-elected as the President of IOTC. Kim, unanimously elected by the council members for a...
Tuna Buyers Say Lion Capital Supported Price-Fixing While Owning Bumble Bee
Not long after Lion Capital LLP and its subsidiary Big Catch Cayman (two former Bumble Bee owners) stated they did not sell a single can of tuna, US consumers have urged a Californian federal...
High Operational Costs Shrinks Sajo’s Profit
Sajo Industries reported a decrease in sales and profit for the first three months of this year. Its share value declined by 9.5 percent. On May 15, Sajo Industries (based in South Korea)...
US Tuna Pouches Q1 Imports Hit Peak
Demand for tuna pouches in the first quarter of the year has been off to a great start in the US with retailers and traders importing 21 percent more product compared to Q1 2022. The business...
Albo Turns To Sunflower Oil To Weather Inflation
Premium tuna brand Albo, renowned for using only olive oil in its products, is expanding to sunflower oil. By adding the item, the company aims to support consumers that face inflation. Albo,...
Galician Tuna Sector Worried About EU Free Trade Agreement With Thailand
The Free Trade Agreement (FTA) negotiations between EU and Thailand are likely to begin soon. This is a cause of concern for the Spanish Galician tuna sector, home to tuna canneries like...
John West Enters Aussie Foodservice Segment With Enriched Tuna
John West launched one kg tuna pouches rich in calcium, fiber, and omega-3, intended for the foodservice sector. The Australian brand, owned by Simplot, has entered this new segment with...
Subway Demands USD 620,000 From Tort Lawyers On Fake “No Tuna” Case
US restaurant food chain Subway wants the six attorneys who acted as counsel for a US consumer who sued the company on false allegations regarding its tuna products to compensate the company...
Century Pacific Reports Favorable First Quarter
Philippines seafood company Century Pacific Food (CNPF) announced that its revenue for the first three months of 2023 was PHP 15.62 billion (USD 2.8 billion), nearly a six percent YoY growth....
Low Supply & High Skipjack Price Pushes Bangkok Canners To Slash Production
The abysmal supply situation coupled with high prices has forced canners in the Bangkok tuna processing hub to cut their capacities. The price of frozen whole round skipjack is still over the...
US Canned Tuna Trade Remained Stable In Q1, Remarkable Price Drop
US canned tuna imports were largely stable at the start of 2023, and the trade amounted to USD 143.75 million. Thai processors managed to keep their trade at almost the same level as in Q1...
Tuna-Shaped Weathervane A Feast For Tourists’ Eyes
The Spanish province of Cadiz, home to bluefin farms and famous for the Almadraba, has close ties with the fish since the it plays a crucial role to the economy and is an integral part of the...
SolTuna Official Canned Tuna Supplier To Pacific Games
The Pacific Games has designated SolTuna as the official supplier of canned tuna for its upcoming edition. The USD 60,000 deal, for approximately 1,400 cartons of tuna, was signed last week by...
Washington Supreme Court Refuses To Review StarKist Tuna Price-Fixing Ruling
On Tuesday, Washington Supreme Court judges declared they will not review a decision made by an appeals court that potentially freed StarKist from being “jointly and severally liable for the...
Canning Operations Continuing Despite Seiner Sale By RD Fleet
The raw material supply situation is bad and RD's fishing fleet is still moored due to restructuring in its financing. Furthermore, two of its seiners have also been sold, according to Roland...
EU Rapid Alert: Spain Reports Mislabeled Canned Tuna From Ecuador
April was a comparatively calm month for the EU Regulatory Rapid Alert System for Food and Feed (RASFF) regarding tuna-related incidents. According to the online system, only one alert was...
Slight Relief For Thai Union, Ailing Red Lobster Turns A Profit
For the first time in 12 months, Red Lobster has not reported a loss, earning it a reprieve. In the latest figures by Thai Union Group on its subsidiary, in the first quarter of the year, the...