The sale of Mozambique’s tuna bond and root of the nation’s so called “tuna scandal” is being taken to a much higher international level as it is now being investigated by the US Securities...
Trade
“White Tuna” Now Protected From Fraud In NY
A law to protect consumers will come into force this month, with state legislation in New York now requiring that products must come from actual tuna if they are being sold as “white tuna”....
Dongwon Investors Score Solid Returns
In just three months, Dongwon Industries’ shares have shot up by 23 percent in value, offering investors a strong gain on holdings. Two days ago share price hit a year-high for the firm, and...
Rapid Chinese Tuna Growth Attracts New Investment
Eyeing China as a rapidly growing tuna consuming nation, Century Pacific is pumping money into the acquisition of distribution companies in the country, in order to support the expansion of...
Second Guilty Plea In Price Fixing Scandal
Another guilty plea, the second to emerge in a month, is coming from a Bumble Bee Senior Executive for his involvement in conspiring to fix canned tuna prices on the US market. Kenneth...
Second Guilty Plea In Price Fixing Scandal
Another guilty plea, the second to emerge in a month, is coming from a Bumble Bee Senior Executive for his involvement in conspiring to fix canned tuna prices on the US market. Kenneth...
STANDPOINT: US Big 3 Will Take Heavy Hit On Price Fixing
The latest view that requires your input is: US “BIG 3” WILL BE HEAVILY HIT BY PRICE FIXING SCANDAL Have your say now by voting on our homepage poll. StarKist, Bumble Bee and Chicken of...
Are US Pouched Sales Still Growing?
Big US brands have been constantly increasing their offerings of drain-free pouched tuna products, and in recent years these references have been seen as a potential cause for decline in...
Princes’ EU Expansion Drives Profit Growth
One of the UK’s leading tuna firms has recorded a fall in sales over the latest financial year, but saw a slight upturn in profit, during a period in which it expanded business in Europe...
German Retailers Book Big Orders Of MSC “Alternatives”
With most of the EU canned tuna retail market now covered for orders going forward into 2017, the German market, where retailers regularly work on a year-contract basis, has been focused on...
Will Brexit Kill Future UK Tuna Imports?
Imports of seafood products like canned tuna and frozen shrimp could substantially shrink in availability on the UK market post-Brexit, unless EU ministers can agree to favorable trade deals...
Tuna Price Fixing Impacted Other US Canned Seafood
Price fixing activities that have allegedly been conducted by the “Big 3” tuna companies in the US, are said to have pushed up the prices of other packaged seafood, according to plaintiffs...
Tight Import Rules Bring Japanese Production To EU
As two katsuobushi plants have opened in Europe in the last two years, it is clear that the demand for the dried skipjack product, a Japanese delicacy, is significantly increasing among both...
Ecuador Secures Unharmed EU Tuna Access
A multilateral trade agreement that has been years in the making, will now see the official addition of Ecuador, as the EU Parliament has voted in majority to back the deal. It’s reported that...
Grupomar’s ‘Tuny’ Now Halal Certified
One of Mexico’s largest tuna producing firms, Grupomar, has received halal certification for its “Tuny” branded canned tuna as part of an attempt to reach new Muslim markets. Grupomar, the...
GP Praises Subway, Protests At Walmart
Greenpeace is calling out US giants Walmart and Sysco and urging them to step up on sustainability in the same way that Subway did when it recently joined the International Pole & Line...
Orkla’s Abba To Offer Pacifical MSC Tuna
Orkla Foods Sweden will now sell MSC sustainably certified skipjack tuna from the PNA waters through the leading Swedish canned tuna brand, Abba. The brand will switch the majority of its...
Guilty Plea On Price Fixing: Massive Consequences?
The first formal action has been taken in over a year-long US government probe into canned tuna price fixing on the national market, which sees a senior executive of one of the leading tuna...
Vietnam Rises From EU Export Decline
Exports of tuna products from Vietnam to the European Union have shown notable recovery in the latter part of this year, after months of witnessing decline in value. The export value of tuna...
Thai Exports Struggle To Regain Lost Ground
Thai canners have recovered a very modest portion of their lost tuna export value, but are unlikely to see significant enough rebounds to take them near to pre-2015 levels. According to the...