Thai Union’s sales could fall short of the 2018 target the company previously set itself, with a year-to-date baht currency appreciation having put pressure on business. Despite recent signs...
Trade
Lawsuit: ISSF Meetings Were “Cover” For Conspiracy
A newly filed amended complaint in the civil price fixing proceedings claims that “trade association meetings” – like those under the ISSF – were used by the Big 3 and other defendants as a...
TU Expects To Double 2018 Chinese Sales
Thai Union has its eyes on China as the main emerging seafood market in the coming years and now expects to double or triple its own sales in the country throughout 2018. So far tuna has not...
Tuna Promises Win US Retailers High GP Scores
In the latest edition of its ‘Carting Away the Ocean Report’ Greenpeace US particularly recognizes retailers that have adopted sustainable tuna sourcing polices, although the focus is on...
Value Of US Frozen Tuna Imports Surges
The value of US frozen tuna imports surged in the first half of 2018, driven primarily by volume growth. While imports of fresh tuna also rose in the same period, the increase in this case was...
Major US Retailers Want Lischewski Emails Released
A group of major names on the US retail scene have called on a judge to order Bumble Bee’s owner, Lion Capital, to release documents believed to be key evidence in the tuna price fixing case....
Explosive Rise In BKK Skipjack Deliveries
There has been substantial growth in the volume of whole round skipjack tuna reaching Bangkok in the first half of this year. The strong imports are recorded just before the FAD ban started in...
Lischewski Seeks Dismissal From Civil Price Fixing Case
The former CEO of Bumble Bee Foods, Christopher Lischewski, has filed a motion opposing his inclusion in a civil lawsuit which has now been consolidated in a California court. The complaint...
Strong Demand Drives Indian Ocean Price Rise
Prices paid for skipjack raw material in the IO hub of the Seychelles have recently inched up after declining from July concluded levels. The yellowfin market has taken similar recent upward...
Trade War Could Boost Chinese Euthynnus Exports To US
As the trade war between the US and China continues to intensify, Chinese exports of tuna-like species such as Euthynnus Affinis and Auxis Thazard could get a further boost. The ongoing trade...
$100 Change In Bangkok Skipjack Price
After the market showed some steadying in late July, the Bangkok whole round skipjack price has taken another tumble, on the back of good catching rates and slow demand. The latest deals...
Vegan Seafood Continues To Attract Investor Interest
Vegan seafood companies are continuing to see significant interest from investors, with Good Catch Foods the latest to receive funding. Good Catch will utilize the Series A funding to advance...
More Shareholders Push For Alliance Select Arrests
Another group of Alliance Select International shareholders filed a complaint in a Philippine city court, alleging that a number of executives at the tuna processing firm violated the...
Alliance Select Offers “Bay Of Gold” Tuna
Filipino canner Alliance Select has launched a new line of tuna products that it calls the “Bay of Gold Select Tuna”. The announcement of the new products comes after the firm reported strong...
Could Tuna Ice Cream Become A Hit?
An Italian ice cream maker has added tuna flavored ice cream to the menu at his café, Barberry’s Mondo Gelato. While it may be seen as a publicity stunt by some, the Italian has claimed there...
Ecuador Canners Perform Strong Despite EU Import Drop
Although overall EU canned tuna imports have dropped by 10 percent in this year’s first quarter, Ecuadorian processors have managed to modestly increase their business with buyers in the bloc....
Vietnam’s Tuna Exports Outperform Seafood Sector
While Vietnamese seafood exporters believe they will find it difficult to reach the USD 10 billion government target set this year, tuna shipments from the country’s processors are...
Dongwon’s Stock Holds Strong Despite Weak Korean Market
Although frequent fluctuation has been seen, Dongwon Industries’ share price is standing strong and significantly outperforming the South Korean stock market in general. The firm has made...
Tesco Plans New Discount Chain To Battle Aldi & Lidl
On the UK retail scene overall, and the canned tuna market specifically, German discount stores Aldi and Lidl have been stealing an increasing share of sales. The leading retailer in the...
Brands Struggle With Supply In Weak UK Canned Tuna Market
Imports of canned tuna into the UK market have shown further decreases, reflecting the declining state of sales on the retail market, which have been seen over the last two years. However...