Peru has been given the green light by US authorities to deliver yellowfin raw material caught by purse seiners fishing in the EPO for the next five years. This permit allows Peruvian Thunnus...
Trade
Will The Strong Dollar Slow Down EU Zone Tuna Consumption?
Economists from all sides are warning us about uncontrolled inflation, especially within the European market. Part of this inflation is caused by the rapid weakening of the Euro against the US...
Will Recessionary Dynamics Also Hit Global Tuna Demand?
The recessionary dynamics have hit major farmed salmon and shrimp seafood commodities, two strong tuna competitors, in the worldwide seafood market. The demand for these aquaculture products...
Indonesia Insists On Zero Tariff To Conquer Japanese Canned Tuna Market
Indonesia has requested, once again, that Japan lowers its import duty for Indonesian canned tuna so that it can have easier access to the Japanese market. Without the tariff elimination,...
Princes UK Fish Director To Chair BKK TUNA 2022
The most anticipated event of the global tuna industry, TUNA 2022, being held in Bangkok from October 11 to13, now has a new Chair, Neil Bohannon, Group Fish Director, Princes Group, UK....
What Do Atuna Readers Think About The Skipjack Price Trend?
The results of the latest Atuna poll are in. The majority of voters are clear about their expectations of the price in Bangkok for whole round frozen skipjack - that it will go up within this...
Credit Suisse To Pay USD 23 Mil To Cheated US Investors
A UK subsidiary of Credit Suisse has been ordered to pay USD 22.6 million in compensation to cheated investors after the Swiss lender bought debt to fund a tuna fishing project and maritime...
PAFCO Looks For Customers In Australia
Last week, the CEO of the Fijian tuna processor PAFCO visited Australia in hopes to expand where it can market its tuna products. The Chief Executive, Saiyad Raiyum met with buyers, brokers,...
Robbers Looted Yellowfin From Moving Vehicle In Manta
On July 20, a vehicle carrying fresh yellowfin to packing factories was robbed near the Manta airport. The two guards on a motorcycle failed to safeguard the transport which was raided while...
Calvo’s Turnover Declines As Largest Market’s Currency Weakens
Grupo Calvo known for its leading premium yellowfin brand Atun Claro in Spain has its biggest market in Brazil. Almost half of its business is sold there under the Gomes da Costa brand and the...
Falling Ocean Freight Rates, Relief In Sight For Tuna Sector?
Slowing demand is pushing global shipping rates downward after more than a year of skyrocketing prices. The tuna sector, which has felt the heavy costs of ocean freight, can rejoice a little...
Despite NGOs’ Calls, Taiwan Remains Tier 1 In US Trafficking Report
At this time of great geopolitical discourse around Taiwan and China, the US Department of State has ranked Taiwan in the top position (Tier 1) in its Trafficking in Persons (TIP) Report....
Fortune International Acquires EPO Yellowfin And Bluefin Importer
The New Orleans Fish House (NOFH), Louisiana-based buyer of yellowfin and bluefin tuna from the Gulf of Mexico, has been purchased by Fortune International LLC, a quality-focused US...
Vietnam Fears Losing Loins Business In US
Vietnam fears losing part of its market share in the US now that President Joe Biden is considering the removal or lowering of tariffs on the imports of Chinese tuna products. When the...
Bolivia Grants Full Quota To Ecuador
Landlocked Bolivia has no vessels of its own and it will loan its entire 2022 tuna quota of 222 M/T to the Ecuadorian-flagged vessel 'Chiara' owned by trading company Elvayka Kyoei. This is...
US Pledges 600 Million Dollars To Tuna-Rich Pacific Islands
The US is once again wooing Pacific Island countries – states with the largest tuna resources in the world – with its Vice President, Kamala Harris announcing America’s interest in providing...
Tuna Hijacked In Ecuador: Gunshots, Hostage, And Chase
It might sound like a scene from a movie where a group of robbers hijacked a truck that was transporting canned tuna from Manta to Ibarra. The driver was intimidated by gunshots to stop the...
Exchange Of Greenback Versus Baht, Challenge For Thai Processors
The Thai baht has lost 9.4 percent of its value against the US dollar since January 1, a seven-year low. With the US Federal Reserve signaling another big increase in interest rates this...
Sajo Wants To Offer Bluefin Sashimi To South Koreans
Seafood company Sajo aims to retail North Atlantic bluefin to domestic consumers. It is planning on selling the product to around 20 stores across the country. These seafood outlets focus on...
Kiribati Quits Pacific Forum But US Wants To Improve Bonds
A regional rift is beginning among the Pacific Islands with pro-Beijing Kiribati withdrawing from the Pacific Islands Forum (PIF), from the meeting currently taking place in Suva, Fiji. The...