Despite Italy having its own processing sector, buyers’ reliance on importing canned tuna hit a near peak in 2022. Spanish canners with ties to Bolton managed to gain more...
Trade
EU & Thailand Announce FTA Negotiations, ANFACO Asks For Tuna Exclusion
On the heels of the news that the EU and Thailand have relaunched negotiations for a free trade agreement (FTA), the Spanish seafood processors association, Anfaco-Cecopesca has sounded the...
Philippine Small-Scale Fishers Criticize Government Building Cold Storage
A group of small-scale fishermen in the Philippines has criticized the government's decision to build eleven fish cold storage facilities close to their fishing grounds and landing...
Will Princes Group Be Taken Over By A Private Equity Firm?
A group of private equity candidates has come forward to acquire Princes Foods. Its owner, Mitsubishi Corporation, announced its intention to sell the subsidiary two months ago. Sky News...
French Buyers Switch Sourcing More Outside EU
France is one of the top markets in the EU for canned tuna but demand for the product fell by a slight six percent in 2022. Traders, retailers, and brands imported the most...
Drug Trafficker Using Fake Tuna Business As Cover Confesses
A Mexican businessman pleaded guilty to an international cocaine trafficking conspiracy in the US. Jaime Antonio Mandujano Eudave carried out his illegal activities under a fake tuna firm...
Germans Expanded MSC Canned Tuna From PNG In 2022
Major global producers expanded their canned tuna business in Germany in 2022, with processors from PNG massively increasing their shipments propelled by this market’s demand for MSC tuna....
Purse Seine Operators Looking At Sliding Fuel Prices
Marine gas prices are on a downward path which is good news for purse seine operators. They have been pulled along in the wake of declining global crude oil values which have dropped below USD...
Woman Finds Worm In Sushi Rice Bowl And Other Social Media Trends
Singaporean Jayice Tan recently shared on Facebook a dreadful experience she underwent at a Japanese sushi restaurant. Tan and her husband were relishing their sashimi rice bowls and to her...
Chicken Of The Sea Settles USD 13 Million With Tuna Buyers
Civil cases against Chicken of the Sea over price-fixing shelf-stable tuna might soon be coming to an end. A Californian federal judge has given the final approval for the company and its...
Thai Union Buys Back Shares At Over USD 7 Million
Thai Union is repurchasing its shares and on Tuesday, the tuna giant had its first stock buyback for 17,147,400 units worth around THB 250 million (USD 7.12 million), an exercise meant to...
FMI Report Underlines US Canned Tuna Sales Rocketed In 2022
The overall sales of seafood in the US dropped in 2022, but canned tuna performed well throughout the year, reveals the Food Industry Association (FMI). In its recent report ‘Power of Seafood...
Japanese Industry Feels The Heat Over Illegal Bluefin Trade
The recent arrest of two top Japanese executives created quite a stir in the nation’s fishing industry. But it has also brought out skeletons in the closet, thus tarnishing the image of...
Bangkok Skipjack Price Moving Closer To USD 2,000 Barrier
Frozen whole round skipjack trade is experiencing a sharp increase as canners in Thailand are scrambling to obtain sufficient raw material for already contracted orders amid low supply....
Readers Optimistic: US Will Import More Canned Tuna By 2023
Canned tuna demand has been growing in the US market. Retailers in the country bought one-quarter more of the product last year, exceeding volumes purchased in the last 11 years (except for...
Portugal Gateway For Ecuadorian Raw Tuna Loins Violating EU Rules
The EU rules on safety precautions for frozen yellowfin loins for direct human consumption are still being violated by Ecuador. Spanish processors and traders have been denouncing it for some...
Spanish Officials Seized Cocaine In Tuna Loins Shipment
Spanish Customs and Civil Guard officials found 50 kg of cocaine hidden in a shipment of tuna loins aboard a container vessel at the Port of Vigo on March 3. The vessel ‘Saint Laurent’ arrived...
Yemen Tuna Export Ban Likely To Be Null And Void
The government of Yemen halted all exports of fresh fish due to a shortage in the local market and soaring domestic rates. But the Arab nation will likely have to lift the ban as fish prices,...
Jealsa Temporarily Shuts Down Operations In Guatemala
The scarcity of raw materials has affected operations at Jealsa’s Guatemala loining plant, Industria Atunera Centroamericana. The company has decided to suspend over 300 employees for 90 days...
TU Gives Red Lobster Half Year To Stop Bleeding Money
US restaurant chain, Red Lobster, has been bleeding money which has been eating into Thai Union’s profits. In February, the world’s largest tuna company revealed that it lost THB 1.21 billion...