Virachai Plasai, Thailand’s Ambassador and Head Negotiator on IUU fishing, has been enthusiastic in revealing the country’s plan to abolish IUU activity and forced labor by the end of the...
Trade
German Stock Build-Up To Ensure Contract Fulfilment
A notably strong increase in German canned tuna imports was seen in the first quarter of this year as buyers created a “safety buffer” to cut out any risk of defaulting on contracts with...
Govt Projects Strong Thai Canned Export Growth
Although a trade war snowballs between the US and China, and there are questions over the implications this could have on other countries like Thailand, there is still optimism for strong...
Venezuelan Gov. Pledges Commitment To Tuna Industry
Venezuelan authorities have outlined a “committed” strategic plan to revive the nation’s withering tuna industry. Guided by the Minister of Popular Power for Fisheries and Aquaculture, Dante...
Supply Crisis Forces Petit Navire To Reduce YF Sales
Thai Union-owned leading French canned tuna brand, Petit Navire, is feeling the pressure of “serious supply problems,” as its Managing Director says for the past 10 months, yellowfin catches...
EU Canned Market Showing Signs Of Stagnation
EU imports of canned tuna fell 10 percent in the first quarter of this year, corresponding with reports from major processing locations that demand from the bloc has not been strong. The...
Thai Union Voted Public Company of the Year 2018
Thai Union has been crowned “Public Company of the Year 2018” by Thailand’s own Money & Banking Magazine. Now in their 11th year, the awards honor local businesses that demonstrate success...
Wild Planet Enters Pouch Segment With Pole & Line
US tuna brand Wild Planet has launched new skipjack tuna single-serve pouches as it says demand for convenient and ‘grab-and-go’ meals has increased. The pouches will be added to its existing...
BB Seeks Court Rejection Of Latest Price Fixing Complaint
Bumble Bee Foods is seeking for recent price fixing conspiracy allegations filed against the company to be dismissed, as it claims the consumer plaintiff did not actually purchase any items...
TU CEO Discusses Upcoming Business Hurdles
Thai Union’s CEO Thiraphong Chansiri outlined the major trends likely to affect the food industry at the 2018 Thailand Food Innovation Forum last month. He cited a number of factors that could...
Latin American Consumption Set For 30% Rise
Seafood consumption will increase in Latin America, by a substantial 33 percent by 2030 according to a newly published report from the FAO. With a strengthening economy in the region the...
Analysts Shave 30% Of TU Profit Predictions
Major Thai analyst firm, Bualuang Securities, has knocked nearly 30 percent off its previous 2018 full year net profit prediction for Thai Union, at a time when the leading Thai canner is also...
Calvo’s Litigation Risk For EU Tariff “Discrepancies”
On announcing its full year 2017 financial results, Spanish tuna leader, Grupo Calvo also noted it is reserving EUR 12 million (USD 14 million) for potential litigation risks. The...
BKK SKJ Price Discounted Further To Attract Demand
Although there was general expectation buyers in Bangkok would start purchasing bigger volumes of skipjack raw material, demand is scarce and the market price has dropped again. After...
Century Invests $30m To Expand GenSan Cannery
Philippine canned food company Century Pacific Food Corporation has released plans for its expansion, with completion set for 2019. A hefty PHP 1.5 to 1.8 billion (USD 28 - 33 million) is...
Indian Ocean Prices Drop From 2018 High
Although supply remains short in the Indian Ocean hub of the Seychelles, prices concluded on skipjack and yellowfin raw material have softened somewhat, reflecting the trend seen in Bangkok....
Spanish Canners Oppose Using Certifications As “Market Barriers”
A proposal from Spanish tuna fleet representative OPAGAC, to implement a government-launched “responsible fishing” standard into EU import legislation, is a move that could impose “market...
Final Steps To Launch EU/Vietnam Free Tuna Trade
The final steps are being put into action in order to implement the free trade agreement (FTA) between Vietnam and the EU, which will include shelf-stable tuna products and pre-cooked loins....
Ecuador To Push Free Tuna Trade As US Vice President Visits
The US Vice President, Mike Pence, will soon stop in Ecuador on his Latin American visit, focused on strengthening trade and security ties. Ecuador’s government says it will use the occasion...
Bangkok SKJ Price Hits Important Benchmark
Finding free coldstorage space in Bangkok is still an ongoing challenge for processors and has put a limit on the raw material discharges that can be made by awaiting carrier vessels....