Still betting on its USD 8 billion turnover by 2020, Thai Union is expecting impressive performance in the Chinese market next year, but products other than tuna will be bringing in the bigger...
Trade
Firm Bets On Canned Tuna Sales To Outperform Other Fish
Global canned tuna sales are projected to outperform the value growth of the ambient seafood category as a whole in the coming years, according to new market research. Convenience aspects are...
Insurer Argues Anova US’ Smoked Tuna Appeal
An insurer is urging appeal courts to uphold its previous win, stating that a lower court was right to find it had no duty to defend US tuna firm, Anova Food Inc. This is in reference to two...
Walmart’s Online Orders Surge, Attracts New Suppliers
The world’s biggest retailer, Walmart, has seen shares surge to an all-time high and the company has reported strong growth online with e-commerce sales up by 50 percent. As more of its...
Cheaper Canned Tuna Substitutes Fresh Fish In Malta
Buyers in Malta, a country that already has a strong taste for ambient seafood, have significantly upped their imports of canned tuna in the eight first months of this year. The main reasons...
1st Blockchain Transaction In Frozen Tuna Claimed By Spanish Bank
Spanish bank BBVA claims it has completed the first blockchain-based import-export transaction between Europe and Latin America, cutting down over a week long trading time on a frozen tuna...
Ecuador’s Cost Leadership Conquers Bigger EU Share
Ecuador’s price positioning, along with duty free trade, has seen canners in the country outcompete other major suppliers to gain an even stronger foothold in the EU market. As several...
Confident Spanish Canners Keep Expanding In EU
Spanish tuna canners have reason to be confident in their EU market competitiveness, having boosted their exports substantially in the first eight months of this year. From January to August,...
Alibaba Buys $2.9b Major Stake In Chinese Retail Giant
E-commerce conglomerate Alibaba is making significant investment in brick-and-mortar grocery, having bought a USD 2.9 billion major stake in China’s largest retailer, Sun Art Retail Group. The...
Greenpeace: 3 French Brands Nearly 100% Sustainable
The canned tuna market in France is increasingly making its way towards sustainability, Greenpeace notes in a new ranking of the nation’s top tuna brands. Thai Union owned Petit Navire ends up...
Waitrose Achieves Sustainability Target With John West MSC
Having set its own commitment to make all tuna products – branded or private label – sustainably sourced by the end of 2017, Waitrose has announced it has met its deadline. This is partly...
High Raw Mat Prices Bring Polish Imports Down
Buyers in Poland have traditionally been the largest importers of canned tuna in Eastern Europe, but in the first eight months of this year a significant drop was witnessed in purchases....
Overall US Canned Tuna Supply Has Never Been This Low
Total US market canned tuna supply slipped to a stand-out low in 2016, the latest NOAA data reveals. From the peak recorded in the last 10 years, volume has fallen by 20 percent. Last year,...
Weakening BKK SKJ Price Tumbles Through Barrier
With stronger catches reported by WCPO purse seine fleets, and increased volumes being loaded onto carriers set for Bangkok, the skipjack price in the Thai capital has taken another tumble....
High Consumption & Low Duties Make Exporters Eye Middle East
Vietnamese tuna processors are betting on expansion in the Middle East market, with high demand and low import duties compared to other markets presenting strong potential for an export boost....
UK P&L Business Suffers From Duties & Weak Pound
As the major suppliers of pole and line canned tuna, mostly caught in the Maldives, processors in Thailand have seen their business shrink in the UK market. Weak buying power among UK firms in...
Ecuador’s Canners Win Big From UK Market Shift
Canned tuna processors in Ecuador have gained significant pace in the UK market as other suppliers have seen their business shrink. Diversified buying from major UK brand, Princes, is having a...
Chinese Firms Also Win US Loins Business From Thailand
Chinese firms have gained an increasing share of the US pre-cooked tuna loins business, having already secured strong trade volumes to export to the EU. In both of these markets they have...
Pacifical MSC Tuna Makes Debut In Chinese Market
The marketing arm of MSC certified tuna from the PNA, Pacifical, has announced tuna from the PNA region will now be available on the Chinese market under the leading Australian brand, John...
US’ Largest Tribal Nation The Latest To File On Price Fixing
The Cherokee Nation, a federally-recognized tribe in Oklahoma, is the latest plaintiff to join the civil price fixing litigation, accusing the Big 3 tuna brands of conspiracy activity and...