Trade negotiations between Mexico and Ecuador were extended last week and the ninth round of talks took place between the countries. Discussions of a free trade agreement (FTA) between the...
Trade
Bearish Sentiment Surrounds High Manta Skipjack Price
Skipjack trading in Manta is currently stable. However, the overall feeling of stakeholders in Ecuador is that there is a bearish sentiment around the price. Fishing in the EPO has been...
Will Skyrocketing Chicken Prices Boost US Tuna Sales?
Canned tuna is a great source of healthy protein but the consumption of this fish still lags far behind in the meat-loving US market, where a whopping eight billion chickens are eaten yearly....
Lischewski Asks Judge Not To Revive Claims In Kansas State
Chris Lischewski, former CEO of Bumble Bee, has asked a Californian federal judge to toss out a bid by a Kansas-based wholesale grocery distributor to revive a lawsuit against him. He said...
Mega Carrier Vessels Contributing To Global Supply Chain Problems
Mega container ships may be part of the global supply chain problem given that their ever-increasing sizes mean more logistical issues as well as challenges when these vessels cannot offload...
Thailand And Mexico See Sharp Drop In Q1 US Purchases
American buyers purchased 10 percent less canned tuna at the beginning of 2022, especially from Thai and Mexican processors. The total value of the business amounted to around USD 157 million....
Mexico Temporarily Eliminates Tariffs On Imports Of Tuna
The Mexican government announced this week the elimination of import duties on several food products, including canned tuna. The decree, in effect for one year, is meant to alleviate and try...
Thai Canners Increased Yellowfin Imports By Over 20 Percent
Imports of whole round frozen yellowfin by canneries in Thailand hit a five-year high in Q1 2022 and the price of these shipments also reached a peak level. Overall, this business amounted to...
Canned Tuna Consolidated Third Position In US Seafood Consumption
Although overall seafood consumption in the US dropped in 2020, more canned tuna was bought. The shelf-stable item ranked third in the National Fisheries Institute’s (NFI) recently released...
Dongwon Raises Value Of Assets – Including StarKist – By 53%
After earlier valuing StarKist at zero and receiving backlash from a group of angry shareholders, Dongwon Group has readjusted the merger ratio between Dongwon Industries and Dongwon...
Thai Union Invests In Canadian Algae Bio-Oil Firm
Thai Union (TU) Group announced on Wednesday that it will be investing CAD 39.5 million (USD 30.8 million) in Mara Renewables Corporation as part of a growth funding round. Mara, based in Nova...
Real Introduces Gourmet Canned Tuna
The Real tuna brand, owned by Nirsa, has launched a new Gourmet line with four different flavors – fine herbs, pepper and lemon, oregano, and smoked tuna with chili. All the products are...
Americans Consumed 18% More Canned Tuna
The US increased its canned tuna consumption by 18 percent per capita in 2020 while total seafood demand dropped three percent per head because of disruption in supply and lockdowns due to the...
Thai Skipjack Q1 Imports Reduced By 20%
Thai canners purchased 20 percent less whole round frozen skipjack in the first quarter of 2022 given that many main seiner fleets experienced lower catches. The total business lost around...
IO Seiners Fill Up Q1 Skipjack Shortage In Bangkok
Much lower volumes of whole round frozen tuna from major fleets found their way to Thai canneries in the first three months of the year. Purse seiners catching in the Indian Ocean...
SKJ1.8:BKK Traded Level Stabilizes As Demand Cools
The rising value of whole round frozen skipjack has leveled in Bangkok. This is due to the cooling demand from Bangkok canners who have been impacted by the domino effect of the inflated costs...
Strong Dollar Exchange A Heavy Burden For EU Tuna Importers
The strengthening of the US dollar is continuing and it is close to parity with the euro. The value of the dollar has risen 16 percent compared to last May. Together with higher prices for raw...
Thiraphong Becomes New Chair Of Thai Union Group
Thai Union Group has announced that its CEO, Thiraphong Chansiri, will be the Chairman of the Board effective immediately. The company notified the Stock Exchange of Thailand (SET) on May 9...
Thai Union’s Q1 2022 Net Profit Drops 3.2%
Thai Union experienced significant canned tuna and seafood sales in the first quarter of this year, which pushed its net profit to THB 1.7 billion (USD 49.2 million). However, this was 3.2...
Tuna Scandal Defense Lawyers Unimpressed By Delay In Evidence
Defense lawyers of companies embroiled in the Mozambique USD 2 billion scandal have said that the country’s public prosecutor’s office (PGR) has had years to bring proper evidence against the...