Vietnam's tuna exports to the US witnessed steady growth in the first nine months of 2022 but underwent a dramatic shift in the fourth quarter. According to the Vietnam Association of Seafood...
Trade
Arabic Region Growing Market For Thai Canners
Thai canners increased their canned tuna exports in 2022 and saw business in the US recover and trade with countries in the Arabic region picking up. Almost 19 percent of their shipments went...
Maldives Offers Aid To Earthquake Survivors
Over the past week, social media has been flooded with heart-wrenching images and videos of a devastating earthquake that hit Turkey and Syria, killing over 33,000 people so far. To provide...
Aldi Sued Over Misleading Consumers With Dolphin Safe Marketing
Another US retailer is in hot water over allegations of falsely advertising its canned tuna as dolphin safe. A Californian federal judge has refused to dismiss a complaint against discount...
John West Teams Up With UK’s Para-Athletes To Promote Tuna
An increasing number of people are becoming conscious of their health, and John West is zeroing in on this to promote its products and has upped its marketing tactics. It has become the...
Seychelles Digitizes Export Permits To EU
From July 1, exporters from Seychelles can certify their products for transport to European Union countries in a digital system. The Registered Exporter System (REX) replaces the EUR.1 and is...
Japanese Fishing Company Heads Detained Over Bluefin Scam
Top executives from two Japanese fishing companies are accused of failing to report part of their bluefin catch to the local prefectural government. Tadaaki Nitta and Kazumi Sasaki – heads of...
Only Dongwon In Line To Acquire Korean McDonald’s
Dongwon Group wants to acquire McDonald’s Korea. The Group’s holding company, Dongwon Industries, is the only preliminary bidder according to the tender dated January 17. The company has begun...
StarKist’s New CEO Shifts Focus
Chae-Ung Um, just one month at the helm as StarKist’s President and CEO, announced the company’s focus will not be limited to the US but will also enlarge its activities in the South American...
PAFCO Stays Positive Despite Consecutive Losses
Heavy losses incurred by the Pacific Fishing Company (PAFCO) over the past five years will not hamper its operations. A recent meeting indicates that the Fiji government and state-owned PAFCO...
Inflation Forces Hagoromo To Hike Price Of Its Tuna Products
Tuna company Hagoromo has announced a price hike of 4.8 to 25 percent, excluding tax, for 65 tuna products in 2023. This includes the popular ‘Sea Chicken’. In a press release, the company...
Thai Canners Increase Exports Despite Higher Price
Thai processors improved their business with nine percent more canned tuna sold in 2022 and at a higher average price. This proves that their buyers are less sensitive to amounts than what was...
Maldives Enlarge Frozen Skipjack Export In 2022
Maldives exported one percent fewer tuna in 2022 than in the previous year. But the shipments of frozen skipjack increased. A recent statistic published by the Monetary Authority of Maldives...
John West Hires New International Marketing Director
British tuna brand, John West, has announced Vikki Babb as its new International Marketing Director. Babb will handle marketing strategies for the UK, Ireland, the Netherlands, and other...
Thai Yellowfin Purchases Continue To Fall
Thai import figures show that the purchase of frozen whole round yellowfin continued its decline in 2022. China lost most of its business in Bangkok. Last year, Thai processors bought 6,401...
Balanced Supply & Demand Keeps SKJ1.8:BKK Level
There is continuing tepid demand for frozen whole round skipjack from processors in Thailand, which is partially responsible for the lukewarm trading in Bangkok. A balanced supply and demand...
Tuna Brands Thrive On Social Media As TV Ads Take A Backseat
Television advertising has been an integral part of tuna brands' marketing strategies. With newer technological advances and the availability of easy, handy devices, TV has lost its...
Maruha Nichiro Top Executive Leaves Role
In an unexpected turn of events, Japanese seafood giant Maruha Nichiro announced the resignation of its chairman and former CEO Shigeru Ito citing health issues. Masaru Ikemi, who replaced him...
Thai Canners Bought More Whole Round Skipjack In 2022
Thai processors purchased more frozen whole round skipjack in 2022, which comprised 79 percent of their total raw material imports. Tuvalu entered the list of the top suppliers of Katsuwonus...
Dongwon’s LEGO Tuna Commercial And Other Social Media Trends
Korean YouTuber Tomohiro Okazaki – who appears under the pseudonym ‘I Like Home’ – has a passion for cooking and LEGO. Okazaki posted a professional video of him cutting a 1.70-meter-long LEGO...