One year after US foodservice companies were ranked for the first time on their seafood sustainability commitments by Greenpeace USA, none of the firms have made significant enough...
Trade
“Critical” IO Supply Shortage Sees EU Deal Extended
Three Indian Ocean tuna processing hubs have had a favorable trade deal with the EU extended, to help with what is being described as critical shortage of tuna raw material supply in the...
Analysts Upbeat Despite 2 Year Low In TU Stock
Although Thai Union’s share price has plummeted to the lowest point in nearly two years, major analysts are still upbeat on the firm’s performance, rating stocks at BUY or OUTPERFORM in their...
UK Market Suffers Blow, Pole & Line Cost Weighs In
Retail canned tuna sales in the UK have faced a significant eight percent YoY volume hit, up until mid-August this year. Despite the serious blow in terms of purchases, no loss was witnessed...
Mexico/EU Free Trade By Next Year?
Due to sped up negotiations between the two parties, the EU is hoping to have an agreement in place with Mexico by the close of this year, granting duty free trade on a large range of...
Seachill Bought Out By Hilton Group
Seachill, the leading chilled fish supplier to the UK retail market, has been acquired by Hilton Food Group, a British meatpacking company. A total of GBP 80.8 million (USD 106.4 million) has...
Explosive US Import Rise Of Bonito As Chunk Light
Imports of canned tuna, sold as Chunk Light, but containing tuna-like species continue to climb in the US market. The rise in volume is creating concerns over the origin of these products. New...
StarKist Adds More Hot Flavors To “Bold” Tuna Line
US Big 3 brand, StarKist, has announced the addition of two more flavors to its Tuna Creations Bold line. The latest pouches are Tuna Creations Sriracha and Tuna Creations with Rice and Beans...
Thai Canners Suffer From Weak Arab World Demand
A nine percent slump in overall Thai canned tuna exports can be largely credited to a fall in business with buyers in Arab World countries, where demand appears to be weak. In the first eight...
Is It Chicken Or Fish? COS Questions Solid White In New Ad
Chicken of the Sea has launched a humorous new advertising campaign, which seeks to address an “age old” rhetorical question; is it chicken or fish? The new TV spots celebrate October as...
Peak Prices Make German Buyers Cautious On 2018 Contracts
With this year proving tricky for the German canned tuna market, some retailers and importers in the country are being extra cautious when it comes to 2018 orders. While a number of...
Defaulting Suppliers Create Nightmare For German Importers
Ever since German retailers booked their year-long 2017 canned tuna contracts during the last months of 2016, tuna raw material prices have shown a steady rise. As a result, several...
Stronger Demand For Thai Tuna Pet Food In EU
Increased European demand for tuna pet food is boosting business for Thai processors, as the latest statistics show that they have bolstered their exports of the product so far this year, with...
Is US Demand From Thai Canners Really Dead?
Several Thai packers have described US market demand as being “dead”, as importers in the country are very price resistant, unwilling to pay out in an elevated market. However, data on both...
Are Current High Tuna Prices The Result Of Lower Global Catch?
As the already high benchmark price for whole round skipjack recently hit a level not reported since 2013, and supply remains short, the situation could lead many to believe a drop will be...
Investors Cautious Of Risky Territory For Dongwon & TU
Both Thai Union and Dongwon Industries’ listed stock have hit notable one year lows, reflecting weak investor confidence in these firms, both of which are feeling the pressure of high tuna...
No SKJ Price Weakening After 3 Month FAD Ban
Now two weeks after some fleets have completed their FAD ban period in the WCPO, the global benchmark price for frozen whole round skipjack has climbed up yet again, and currently stands at a...
Princes To Revive Canned Tuna Sales With Health-Driven Campaign
UK tuna brand Princes has launched a six month marketing campaign in a bid to increase sales, by highlighting the convenient and nutritious aspects of its ambient products, including both...
Weak UK Buying Power Troubled TU’s 3rd Quarter
With tuna sales volumes stagnant in the EU market, and struggles to raise product prices, Thai Union’s third quarter net profit result is expected to weaken. High raw material costs and a cut...
StarKist Teams Up With US Hot Sauce Brand
StarKist has announced its most recent partnership with US hot sauce brand, Tapatio, through the launch of its latest addition to the Tuna Creations Bold product line. Its popular flavored...