Chatter has started in the UK that Japanese conglomerate Mitsubishi Corporation, one of the largest companies in the world, is intending to sell its UK-based food business Princes Group. The...
Trade
MSC Partners With Little Labels For New Sustainability Campaign
The Marine Stewardship Council (MSC), the Non-GMO Project, and Fairtrade America have joined together to launch the campaign “Little Labels, Big Impact” which will run through January 2023 in...
Subway Up For Sale At USD 10 Billion?
The sandwich chain Subway may have made initial explorations to sell the company, reported The Wall Street Journal on January 11. Inside sources suspect that corporate buyers and...
European Processors’ Demand For Loins Remains High, Trade Hits EUR 783 Million
European tuna canners’ demand for pre-cooked loins remains exceedingly high with the largest volume imported in the past five years in 2022. The trade for the intermediary product reached EUR...
TU Aims To Expand Protein Alternatives Segment By Funding Algama
Thai Union (TU) Group, the world's largest tuna producer, has announced that it will invest in yet another seafood alternative company, indicating that it is optimistic about the plant-based...
Canned Tuna Imports To EU Bloc Dwindled As 2022 Ended
The imports of canned tuna into the EU from countries categorized as other origin declined over the first nine months of 2022. Those within the bloc saw their volumes drastically reduced while...
Experts Highlight Impact Of Raw Material Costs On EU Seafood Sector
The increasing cost of raw materials continues to be a major cause of concern for the EU processing sector. Securing sufficient tuna and seafood for the import-dependent bloc is essential for...
Israeli Startup Launches Pea-Based Mock Tuna
Israel-based food tech developer and manufacturer, Vgarden Ltd., has launched new vegan tuna options offered in cans and pouches. They are made from pea protein and intend to have the same...
Canned Tuna Wallet-Friendly Option For Canadians
Groceries will continue to be expensive this year for Canadians as new research has predicted that consumer food prices will rise by five to seven percent. This includes a hike in the value of...
Italians Switch To Imports To Satisfy Domestic Demand
There was a slight increase in canned tuna imports into the EU up to Q3 2022, with the largest volume heading to Italy. Meanwhile, the Netherlands lost a significant amount of re-distribution...
Alliance Select Says “Business As Usual” Despite SEC’s Ruling
The financial regulator in the Philippines has ruled that the Alliance Select Foods International's (ASFII's) shares acquired by controlling stockholder Strongoak Inc. should be canceled as...
Jon Burton Leads TU’s New Alternative And Marine Protein Business
Thai Union (TU) appointed Jon Burton as its new Business Unit Director for European Marine Protein. The world’s largest seafood company has identified the alternative and marine proteins...
TikTok User Finds Absurd Note In StarKist Tuna
Samantha Procell purchased a StarKist Lunch-to-Go and was settling in to eat when she found something absurd – a note sitting atop the ingredients. It read, “I work in the factory that makes...
Will Proposed SIMP Changes For Tuna Species Affect Trade?
The US is leaving no stone unturned to reduce illegal seafood imports into the country. Fisheries officials announced plans to expand the number of species that will fall under the...
Readers: Optimism Prevails About Their Tuna Sales In 2023
Optimism prevails among our readers about their projected tuna target market revenue in 2023. Despite global inflation increasing, more pressure on the price of canned tuna due to higher costs...
Higher Internal Trade Drives Growth Of Q3 EU Canned Tuna Imports
The import of canned tuna into the EU has increased by four percent over the first nine months. Although Ecuadorian processors increased their volume, the growth is mainly due to higher...
Sustainability And Eco-Friendliness Are Key For Korean Lunar New Year Gift Sets
As East-Asian countries are preparing to celebrate the upcoming Lunar New Year on February 1, popular Korean brands are releasing gift sets with various tuna products in eco-friendly packaging...
US Millionaire Chooses Canned Pet Food To Make Sandwiches
Canned pet food is a growing business for the tuna industry as owners are buying healthy and tasty options for their pets. An American businesswoman, Amy Elizabeth, garnered attention last...
StarKist Might Still Have To Pay Washington State For Price-Fixing
A Washington appeals court has asked a lower court to determine how much StarKist should pay the state’s consumers for the impact of the price-fixing conspiracy that the tuna company was...
Decreasing EU Yellowfin Production Forces Import Increase To Meet Demand
EU is one of the largest markets for yellowfin where it is mostly sold in cans, frozen, or steaks. Italy, France, and Spain are the top consumers in this region. Although EU production has...