The Maldives and China have secured a Free Trade Agreement (FTA) that will see the countries slash import tariffs on more than 95 percent of goods traded from both sides. As some Maldivian...
Trade
Bangkok SKJ Quotes Slide As 2018 Starts
On the back of stronger catches and limited demand at the close of 2017, the Bangkok skipjack price has slumped again as the New Year starts. There is a general bearish mood in the market....
Finnish Imports Rebound, Thai Canners Biggest Winners
Finland’s canned tuna imports recovered in the first eight months of 2017, climbing back up after a 2016 slump. The biggest tonnages came from Thai and Mauritian processors, who year on year...
Could EU FTA Lead To Massive Thai Seiner Fleet Expansion?
The EU has given signs Free Trade Agreement (FTA) talks with Thailand could be restarted, raising concerns over the increased competition it may bring to the EU tuna market. Some have...
IO Seiners Back Out, But For How Long?
Spanish and Seychelles flagged purse seiners operating in the Indian Ocean are back out fishing, after being tied up in port during the last weeks of 2017. Many of these seiners left port...
Raw Material Price Pressures Knock Princes Profit
The UK arm of Mitsubishi Corporation, Princes Limited, has recorded a heavy profit drop for the financial year ending March 31st 2017. It cites raw material price pressures, but also currency...
Strong South American Business Recovers Jealsa’s Sales
One of Spain’s largest tuna companies, Jealsa, is expecting to close its 2017 books with a turnover of EUR 600 million (USD 723 million), its President Jesús Manuel Alonso Escurís...
Hong Kong To Become Center Of TU’s Chinese Ambitions
As part of its ambition to more strongly target the Chinese market, Thai Union has established a wholly owned subsidiary in Hong Kong, focused on increasing sales of frozen, chilled and...
One Of Toughest Years For Thai Tuna Exports Yet
Last year was one of the toughest for Thai tuna exporters, with short supply and a strong baht currency making products less competitive, states Thai Tuna Industry Association (TTIA)...
ATUNA: End Year Break From Dec 25th Through Jan 1st
The ATUNA team would like to wish you a Merry Christmas and a Happy New Year, with all the best wishes for 2018! During the festive period we are taking a short break, and our offices will be...
“Deflationary Pressures” Hit UK Importer’s Top Profits
UK tuna importing firm, Lovering Foods, has witnessed a notable profit drop for the latest financial year. In 2015 the firm was named on the Sunday Times Profit Track 100 list, branding it one...
US Fraud/IUU Rules Start With Relaxed Enforcement
Tuna buyers in the US market are getting ready for the implementation of the government’s Seafood Import Monitoring Program (SIMP), which will come into force in under two weeks. However, the...
Grupomar Eager For Slashed EU Tuna Tariffs
Major Mexican tuna industry player, Grupomar, is keen to see the successful conclusion of a Free Trade Agreement (FTA) between Mexico and the EU, stating the industry has suffered a lot, and...
Booming US Bonito Imports, NOAA Remains Silent
Over the last couple of months, imports of canned tuna-like species into the US have reached their highest volumes yet. Vietnamese firms have now also emerged as big suppliers and there is...
Inventory Reduction Sees BKK SKJ Price Tumble
The current reduced demand seen from Thai packers is reflective of the usual end of year trend, when canners commonly lower their dry and frozen storage inventories before they close their...
Innovative Cartoon-Style Albacore In Sauces Range Launched
An innovative tuna product line has been launched that has taken the company’s customary bonito del norte (Atlantic albacore) and added a range of flavors, combined with cartoon-style...
Claims Against Big 3 Collusion Keep Piling Up
With yet another civil complaint filed in the price fixing saga, the latest plaintiffs point out that while canned tuna demand has been falling in the US market, dollar sales have climbed...
Ecuador’s Tuna Sector Biggest Winner From FTA
Tuna processors in Ecuador are named as one of the biggest winners when it comes to boosted business since the signing of a Free Trade Agreement (FTA) with the EU and two neighboring nations....
Frime Becomes Industry’s First To Accept Bitcoin Payments
The Spanish processor Frime now accepts Bitcoin as a form of payment for its fish products, including its specialty - tuna. The firm claims to be the first in the tuna industry to give...
The Double Sustainability Promise: MSC And Organic
The Spanish canned tuna brand, Campos has launched a new tuna product which features two sustainability labels - MSC and ENEEK. Although it is not the first brand to take this initiative,...