In line with recent market mood, last week’s rise in the Bangkok skipjack price sent the global benchmark to its highest level in over two years. Slow catches and short supply have been cited...
Trade
Alliance Signs Malaysian Deal On Halal Tuna
Filipino canned tuna processor, Alliance Select Foods, has signed a deal with a Malaysian company for the production of halal certified tuna products, allowing it to expand in Malaysia and the...
TU’s Biggest Ever Loan For Direct-To-Consumer Deal
Thai Union has successfully completed the book building for its largest ever loan, securing long-term financing for a deal that will open up an extensive direct-to-consumer channel for the...
TU Actively Seeking Takeover Targets In South America
Thai Union has strong interest in South American takeovers, and has been negotiating within the region for a potential cannery buyout, according to a source close to the company. Rumors...
The Top Retail Trends That Are Good News For Tuna
If we go by the predictions for the 2017 seafood retail trends, it looks like this year will become a great year for tuna. Most of the expected developments for the next 12 months make a good...
Philippines At Risk Of Losing EU Free Trade?
Tuna could be one of the most at-risk export lines if the Philippines loses preferential trade benefits with the EU, the nation’s Department of Trade and Industry (DTI) has warned. Now...
Surging Oil Price Affecting Boatowners
Over the last 12 months, crude oil prices have surged over 70 percent, since touching a low in early 2016, and there is belief that this year could bring with it excessive market volatility....
“Tuna Scandal”: First Payment Missed?
After stating that it is unable to pay back its massive debts partially brought to the nation by a “tuna bond”, Mozambique has announced it will likely default on the first payment. Today, an...
Can Tuna Prices Be Predicted?
The question as to whether global tuna prices can be predicted will be addressed at this year’s European Tuna Conference, with a closer eye being put on what causes movement in this volatile...
Looming Move Not The Only Threat For Tsukiji Sales
As the planned relocation of the Tsukiji fish market has been delayed yet again, with no clear opening date for the new site, fishmongers that have been selling tuna there for decades are...
John West Owner Backs Sustainability Demands On UK Govt.
More than 80 companies, including John West owner, Thai Union, have teamed up to urge the UK government to demonstrate its commitment to delivering the UN Sustainable Development Goals (SDGs),...
What’s More Important Than Price For EU Shoppers?
A study on what shoppers in EU countries look for when buying seafood products in the supermarket, reveals that cost and appearance come above sustainability for most, when making decisions on...
Big Chance Sri Lanka Gets Back EU Free Trade
Free tuna trade with the EU could be on the cards for Sri Lanka, as the European Commission is proposing a GSP+ categorization for the country which will likely come into effect early...
Top UK Retailers Suffer Squeezed Market Shares
The UK’s leading retailers continue to encounter shrinking shares in the overall sales value of the shelf-stable tuna market, as the discounters gain increasing presence. Tesco, the country’s...
Walmart Urged To Demand “Better Tuna”
Fresh into a new year, Walmart, the US’ biggest retailer, is being called on again to use its “unparalleled buying power” and demand more ethical and sustainable tuna, particularly for its...
“Other Tunas” Storming US Chunk Light
There’s a new Chunk Light storming the US market, with no signs of the Euthynnus expansion slowing. A potential loophole in looming US import rules may even accelerate the trend. Tuna-like...
Fresh Tuna Still Gaining Pace In UK Retail
Although ambient tuna has experienced yet another slump on the UK market, chilled/fresh tuna products are gaining pace and growing in popularity among British shoppers, with sales far...
Can All US Sushi Be Trusted?
"Half of what we're buying isn't what we think it is"; the senior author of a four-year study into mislabeling of sushi restaurants in Los Angeles has concluded. Overall, tuna labelling was...
Downward Spiral For UK Canned Tuna Sales
Sales of canned tuna in the UK retail market have fallen even further, highlighting a trend of shoppers moving away from shelf-stable and in some cases opting instead for tuna products in the...
Mexico Intensifies US Presence
Despite high hurdles in the way, Mexican canners are bolstering their canned tuna presence in the US marketplace, riding a value-added wave that’s picking up its pace. As one of the only...