The latest ruling by the world’s largest trading body will hopefully soon bring relief to Chinese tuna suppliers and the Americans who buy the products. The WTO has declared that US tariffs on...
Trade
10% Of US Restaurants Close Due To COVID-19
Foodservice has been one of the sectors hardest-hit by the worldwide COVID-19 pandemic. Lockdowns and social distancing forced restaurants to close temporarily, vastly reducing the demand for...
Credit Suisse Keeps Denying Wrongdoing In Mozambican Tuna Fraud
A court battle involving Mozambique's two billion dollar fraud, which includes the bonds to finance a tuna fishing fleet (EMATUM) that never materialized, continues in London. One of the banks...
Veda Continues To Inflate Manta’s Skipjack Deals
Good EPO tuna catches in the first months of this year combined with the COVID-19 crisis pushed down the skipjack price at the port of Manta. However, in the weeks leading to the first veda in...
Australian Tuna Companies Join To Develop Innovative Products
Three Australian bluefin farming companies joined in a new venture to develop and market innovative products for domestic consumers as sales in the main overseas market, Japan, have...
Good Sales Skyrocketed Century Pacific’s Shares Again
For the Philippine tuna processor, Century Pacific Food, Inc. the good results achieved during the first quarter of 2020 (Q1) continued through Q2 due to the ongoing COVID-19 pandemic. In the...
Smaller EU Absorbs Record Tuna Tonnage In Last Five Years
Europeans' demand for canned tuna strongly increased during the first half of 2020 (H1). Many retailers experienced above normal sales due to the COVID-19 pandemic, particularly after March...
Clover Leaf Gets New Ad Agency To Boosts Its Brand
Clover Leaf is looking to be more relevant amongst canned tuna consumers. The Canadian company has hired Giants & Gentlemen as its new agency of record (AOR) to develop a new brand...
Judge Axes Bumble Bee’s Settlement Deal Due To Tax Concerns
A US judge ruled against a settlement from the Chapter 11 estate of Bumble Bee stating that she had concerns regarding tax claims that could be in the tens of millions owed to the Internal...
Thai Packers Shifting Pet Food Business To Higher Priced Markets
Thai packers have been consistently shipping more canned tuna pet food to international markets. For years their main destination has been Japan, and although this remained true for the first...
Air Freight Costs Falsely Boosting Maldivian Yellowfin Prices
Fresh and chilled yellowfin prices in Maldives have taken a hit amid the global pandemic and this has been further exacerbated by a sharp hike in costs for delivering the products via planes....
Grupo Consorcio Launches Tuna ‘Eco’ Line
The Spanish processing company Grupo Consorcio has launched a new ‘Eco’ line consisting of MSC tuna in recyclable packaging. The new products aim to confirm the firm’s commitment to...
Mareblu Introduces No Drain Tuna As ‘Drip-Proof’ In Italy
Thai Union’s Mareblu brand has introduced a range of ‘drip-proof’ yellowfin canned tuna for Italian consumers to add to their grocery baskets. Following the launch of a campaign in July, the...
Japanese Premium Tuna Market Collapsing
The sales of Japanese premium bluefin have continued to be impacted by the COVID-19 pandemic even after the emergency measures were lifted back in May. Hopes that business activity would pick...
Maldivian MIFCO Keeps Price Low To Support Locals
Last March, Maldivian producer MIFCO reduced the price of a can of tuna for Ramadan, a discount that later on was extended to August due to the COVID-19 pandemic, which hit the country hard....
Japanese Sushi Delivery Comes With A Hunk
Japanese sushi chef and restaurant owner, Masanori Sugiura, found a creative way to keep his declining business afloat during the COVID-19 crisis. When you order a sushi dish, the delivery...
Good Fishing & Strong Skipjack Prices In Seychelles
The tuna trading level at the port of Seychelles has been staying stable for the past few weeks, with skipjack prices having reached its highest so far this year. This brings a sigh of relief...
Japan Exported Record Tonnage Of Albacore In H1 2020
The volume of frozen tuna shipped from Japan strongly increased during the first half of 2020. COVID-19 measures have heavily affected the domestic market, however, fishing companies still...
Tuna Industry Starts Training With EU’s Anti-IUU CATCH Software
Tuna exporting third countries are preparing for the digitization of the European Union's non-IUU catch certificates after a new web-based application, CATCH, was set in motion last year....
Thai Plants Feed US Canners With Many More Albacore Loin Shipments
To keep up with the increased demand for tuna in the country during the first half of this year, US-based canners took in many more frozen pre-cooked loins, especially from Thailand. Exporting...