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...
Trade
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,...
EU Agrees To Restart Free Trade Talks With Thailand
The European Commission has agreed to resume political contact at all levels with Thailand, including opening the possibility for restarted Free Trade Agreement (FTA) talks with the Asian...
The US Canned Tuna Market: An Oligopoly?
The US price fixing scandal has shown how the canned tuna market in the country is an “oligopoly”, with the Big 3 brands dominating the concentrated market, according to a lawyer deeply...
The US Canned Tuna Market: An Oligopoly?
The US price fixing scandal has shown how the canned tuna market in the country is an “oligopoly”, with the Big 3 brands dominating the concentrated market, according to a lawyer deeply...
Target Buys Same-Day Delivery Service For $500M
One of the largest retailers in the US, Target, has bought the Alabama-based delivery startup Shipt for USD 500 million. The acquisition is hoped to strengthen the competitiveness of the...
Did Bangkok Face Raw Material Shortage This Year?
For several months of this year, WCPO boatowners reported very low catch rates and less raw material volume was heading to Bangkok. But did this mean Thai canners faced a supply shortage?...
Vietnam’s Processors Outperform 2017 Target
Tuna exporters in Vietnam have already outperformed the value goal set for their full-year 2017 shipments, having hit over USD 540 million by November. While high tuna prices will have had a...
What Holds Phil Canners Back From Bigger EU Business?
When the Philippines gained GSP+ status at the start of 2015, granting it zero duty trade with EU buyers, there was expectation from many that the nation’s processors would see strong and...
Tesco Quiet On Sustainable Tuna Goal
With UK retailer Waitrose recently announcing it has met its sustainable tuna sourcing deadline, market leader, Tesco, which has made similar commitments, is giving no more detail on how it is...
Dongwon: Korea’s Biggest Winner From US Tax Cut
Dongwon Industries is projected to be the company with the biggest financial gain in South Korea, if the US cuts the federal corporate tax rate, as planned by President Trump. With major US...
The Main Challenge For Family-Run Firms
Family-run companies are not uncommon in the tuna business, and many of these ventures have shown significant success. But there is one major challenge these firms should be prepared for,...
Surging Popularity Of Raw Tuna Dish In US
Although the traditional Hawaiian tuna poke has been around for a long time, it is only recently that the fresh and versatile dish has become mainstream all over the US, having shown rapid...
Growing Ecuadorian Dominance In US Pouch Segment
While sending extremely modest canned tuna tonnages to US buyers, Ecuadorian processors have managed to increase their already dominant exports of pouched tuna references to the major market....
The Once Growing Major Market Now Rapidly Shrinking
While several processors have branded the Middle East as a notably growing tuna market, this year canned tuna imports into the region have dropped dramatically, impacting heavily on major...
No US Export Drop For Thai Canners
Despite reports of “dead” US market demand, Thai canners have continued to show very slight increases in business with this major export destination. The US is the biggest buyer of canned tuna...
Mexico Appeals On Legal Reasoning Behind Latest WTO Decision
The Mexican government has filed an appeal with the WTO against its latest ruling in the long-running ‘dolphin-safe’ tuna labelling dispute with the US. After five consecutive wins for Mexico,...
BB’s Lischewski Tries To Stay Out Of Price Fixing Arena
Lawyers representing Bumble Bee Foods CEO Chris Lischewski have filed a motion seeking to avoid him being added as a defendant in the civil litigation surrounding the US canned tuna price...