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...
Trade
EUR And USD Hit Parity After 20 Years
In the past few days, the euro and the US dollar came very close to parity a few times. Yesterday, the currencies reached 1.00019, which the financial world considers as equal. This...
Dongwon F&B’s Canned Tuna Ambition In China Failed
The highly ambitious introduction of Dongwon Tuna to the Chinese market in 2011 has turned out to be a failure for the Korean company. Dongwon F&B (with a strong domestic market) wanted to...
Bolton Food’s Tuna Mostly Responsible, But Only 10% Has MSC
Italian tuna-powerhouse Bolton Food aims to source 100 percent responsibly fished tuna by 2024. Currently, the company considers that nearly three-quarters of its tuna comes from fisheries...
Subway Still Hooked To “No Tuna” In Sandwiches Lawsuit
A class-action lawsuit against Subway is not going away as the Californian federal judge in charge of the case has refused to toss part of the claims brought against the US restaurant...
Stronger US Dollar Ballooning Dongwon Price-Fixing Claim Payments
The rapidly strengthening US dollar is causing concern for investors in Dongwon Industries, given that it is burdened by its subsidiary StarKist’s involvement in the price-fixing scandal in...
EU Bigeye Whole Round Q1 Imports In Decline
European canneries have been purchasing declining volumes of bigeye raw material, and in Q1 2022, hit the lowest level in five years. The 2,946 M/T in the first quarter of this year was a drop...
Rio Mare Introduces New Tuna Pesto Range
In the new range of Rio Mare products launched in the Italian market, tuna-based pesto is the star. The brand, owned by Bolton Group announced that the sauce with tuna is available in three...
28 EU Seiners Gain 5-Year Access To Cape Verde Waters
EU-flagged vessels have been fishing in Cape Verde's waters since 2007 and the latest decison from the EU Parliament (EP) means that these boats can continue their operations in the West...
Grupo Balfegó Guarantees Traceability For Every Bluefin Piece
The Spanish firm, Grupo Balfegó, has announced that its farmed bluefin can be traced from catch to plate. Through the AuraQuantic digital platform, the customer has an overview of the...
Euro Plunges To 20-Year Low Against The Dollar
The value of the euro right now has slumped to an all-time low in 20 years against the US dollar. One euro is only worth USD 1.0197 today. The prospect of an energy crisis that could usher in...
Will SKJ1.8:BKK Price Start To Reverse?
Whole round frozen skipjack price in Bangkok has plummeted over the past month and settled at USD 1,450 per ton, and the volatile market situation is a cause for worry for many. WCPO purse...
Sajo Introduces Whole Tuna Truffle
On July 4, Sajo announced the release of its “Sajo Whole Tuna”, a new premium canned tuna line that comes in four flavors: Yellowfin, Albacore, Truffle, and Mara. The products also come with a...
Guinness World Record For Virtual Tuna Filleting In Metaverse
Yaizu is a prefecture in Japan known for Minami tuna (Southern bluefin). It is hosting a Guinness World record-holding Virtual Market (Summer) which will showcase the filleting of a tuna on...
Losses In Red Lobster Sink Thai Union Share Price
After financial analysts forecasted weaker second-quarter earnings for the Thai Union Group, the company’s shares dropped 12 percent to a one-year low yesterday. Revaluation of the firm's...
Collapse In Q1 Spanish Demand For Imported Albacore
The import of whole round frozen albacore into the EU market collapsed in the first twelve weeks of 2022 with buying from all major foreign-flagged fleets nosediving. This is not a good start...
Euro Further Weakening Against US Dollar, Parity Lurking For EU Buyers?
In June, the euro weakened further against the US dollar and has never been so close to parity is the opinion of several financial analysts. This is a real threat to the buying power of EU...
World Tuna 2022 Tentative Program Is Out
The upcoming World Tuna Conference in Bangkok promises its attendees a full three-day program around the theme -- ‘Strengthing Resilience, Adaptability, and Sustainable Growth in the Global...
Manta Skipjack Price Falls, Despite Declining Origin Catches
Deals for whole round frozen skipjack in Manta have been hitting highs for the last couple of months. Earlier, this bullish market was fueled by poor fishing in the EPO as well as firm demand...
Q1 Ecuador Tuna Exports Steadily Growing Towards USD 300 M
Ecuadorian tuna exports reached a four-year peak in both volume and value during the first quarter of 2022. The result was mainly driven by the strong EU demand and the US sourcing more canned...