Thai Union is working to set up an international trading center in Bangkok as part of its work to give the company a global image. The center will help launch its emerging market business...
Trade
Tri Marine Dropped From Price-Fixing Case
US tuna fishing and processing firm, Tri Marine, is no longer named as a defendant in the amended United States canned tuna price fixing case. Along with the US Big 3 canned tuna brands,...
Investors Enjoy Bullish Century Stock
Since the start of the month, there’s been a boom in Century Pacific’s stock, taking shares to a value they’ve never touched before. Investors enjoy a substantial 20 percent return on holdings...
Discounters Steal Bigger Seafood Sales Share
Discount retailers Aldi and Lidl are successfully reducing the gap between their more traditional UK competitors by increasing their market share of total sales of fish products. Tesco,...
Importers Prepare For “Inevitable Pressure On Prices”
Strong sterling devaluation since the Brexit referendum is having a considerable impact on the price of tuna for UK importers. For those firms that are hedged on currency for the next couple...
SKJ Price: Flat Market In Bangkok
There has been little acceleration of whole round skipjack tuna trading in Bangkok, as a flat market prevails in the Thai capital. Already earlier in the month, sources told Atuna that they...
Possible EU/Indonesia FTA: The Biggest Winners?
Despite its fleet recording the highest global tuna catches year on year, the current presence of Indonesian tuna in the EU market is fairly modest, according to data from Eurostat. In 2015,...
Are UK Consumers Eating Enough Tuna?
Consumers in the United Kingdom should be getting more seafood into their meals, according to new data, which states that the amount of fish Brits eat falls short of dietary recommendations....
MSC Begins Consultations Over Labor Practices
MSC has announced its intention to move toward including labor practices increasingly within the certification process and will begin consulting stakeholders“to ensure that the new...
Global Tuna Trade: The Top 3’s Sheer Dominance
The ‘Top 3’ largest tuna product exporters last year accounted for as much as 64 percent of all global shipments of canned tuna and pre-cooked tuna loins noted in worldwide stats. Thailand,...
Can Indonesia Secure Free EU Tuna Trade?
Talks have been kick started between the EU and Indonesia which could pave the way for origin tuna products from the Asian nation to be imported duty free into the European Union in the near...
Retail Mega Merger Faces US Anti-Trust Concern
Two major food retailers that are in the final stages of their plans to merge are making significant cuts in order to win approval from the US Federal Trade Commission (FTC), selling off 86 of...
Top 10 EU Retailers: Explosive Growth Of The Discounters
Discount retailers in Europe have been booming, and due to the explosive expansion of German-born stores like Lidl and Aldi, some big supermarket names have slipped down the rankings. With...
“Big 3” Price Fixing – A Criminal Case?
The lawsuit filed against Bumble Bee Foods LLC, Starkist Co. and Tri-Union Seafoods LLC, owners of Chicken Of The Sea, for alleged price fixing, has been placed on hold while the...
3 New Firms Expand ISSF’s Global Reach
ISSF has bumped up its membership considerably this week, adding to participation that the organization already claims to represent 75 percent of the global tuna processing capacity. The new...
Consumers Put Sustainability Before Price
According to a new study by GlobeScan for MSC, consumers are willing to pay a higher price for a seafood product that is certified as sustainable. The price and brand of a product have usually...
Leaking “Asian” Tuna Cans Force Recall In Canada
Canadian consumers with Ocean Brands’ canned tuna in their cupboard are being urged to throw them away or return them to the store, as a recall of the firm’s albacore tuna products is...
Libya: The World’s Biggest Tuna Lovers
A long tradition of eating tuna combined with the rise in purchases of stockpile foods as a consequence of conflict has caused an increase in the consumption of tuna in war-torn Libya. ...
US Retailer Makes 90% MSC Commitment
Kroger, the second largest retailer in the US, has announced its intention to source 90 percent of its wild-caught seafood products from fisheries that are MSC certified by 2020. The other 10...
Lidl: Breaking The Rules of Advertising?
Lidl France is being taken to court over its recent TV advert after a complaint of unfair price-comparison. In the advertisements brands such as TU-owned Petit Navire are directly compared to...