A total of PHP 2.6 billion (USD 54.96 million) worth of Century Pacific Food, Inc. (CNPF) shares have been sold by the Po Family, which equates to around five percent of the company; the...
Trade
EFTA Is No Breakthrough For Ecuador’s Tuna
At a time when securing free trade with both the EU and the US seems critical for Ecuador’s tuna industry, the country is working hard in also ensuring tariff free business with EFTA nations....
US Snatches The Fresh Tuna Top Spot
For the first time in history, in 2015, imports of air-flown fresh tuna by the US were higher than those of Japan, as the latter showed decreased activity in a market it has long dominated....
Alleged Tuna Cocaine Smuggler Supplies Walmart
A tuna CEO arrested in Mexico on charges of drug trafficking is the head of a fishing and processing firm that is the main supplier of private label canned tuna to the country’s Walmart owned...
Will US Trade Deal Energize Ecuador’s Tuna Exports?
While the US is Ecuador’s second largest export market for tuna products, volumes sent to the country pale in comparison to the South American nation’s big business with the EU. But as...
Tuna CEO Charged With Cocaine Smuggling
A Mexican tuna businessman with links to the Sinaloa Cartel, Humberto René Eudave Mandujano, has been arrested and charged with drug trafficking. He is accused of arranging the transportation...
Could Brexit Ruin EU Free Trade For Ecuador?
As Ecuador’s deadline to secure seamless zero duty trade with the European market looms, its biggest canned tuna export destination, the country’s President has become increasingly concerned...
US Tuna Market Flooded With Euthynnus
A growing market trend in US canned tuna is continuing to disrupt business in Thailand’s capital, as Bangkok based canners struggle with low end market demand for skipjack product. Around...
John West Strengthens Grip On UK Market
Thai Union owned canned tuna brand, John West has increased its UK market share by 6.2 percent in just two years, according to TU’s sustainability report for 2015, released this week. John...
Top US & EU Tuna Foodservice Buyers Merge
Major US supplier of canned tuna to the foodservice sector, Sysco, has this week confirmed that it has purchased UK based foodservice firm Brakes Group in a USD 3.1 billion deal, giving Sysco...
Thai Canners Face Challenges In Regaining Lost Value
Over the last three years, Thai tuna processors have witnessed a notable 24 percent decline in the value of their exports in US dollar terms, which appears to have woken the industry up with a...
Frinsa’s Push To Boost International Tuna Sales
One of Europe’s largest manufacturers of canned tuna, Spanish firm Frinsa, has its sights set on international expansion, and has this week revealed that new investments designed to boost...
Brexit Immediately Impacts EU Tuna Trade
After the majority of analysts were ready for a phase of a weaker US dollar against the euro, a huge curveball has been thrown into the exchange arena, as the UK’s vote to leave the European...
China’s Growing Appetite For Canned Tuna
Though still small compared to the likes of the EU, Japan and the US, the Chinese tuna market is one of very few growing markets globally, for not only canned tuna, but fresh and frozen too....
Egypt: The Middle East’s Biggest Tuna Market
In a regional market where more than 120,000 tons of canned tuna is sold each year, Egypt is leading, accounting for over 44 percent of Middle East sales last year. Despite previous growth in...
Sri Lankan EU Tuna Exports Can Finally Resume
Sri Lankan tuna exporters received some welcome news today after it was revealed that the nation’s red card removal has finally been fully processed. This means that two months after the card...
Possible End To Dollar Bull Run Could Benefit EU Buyers
EU based tuna buyers will be some of the biggest winners if an expected end to the US dollar’s bull run materializes, as a range of analysts in the Financial Times have forecast that the...
Why More Mexican Tuna Is Reaching US Consumers
While the WTO dolphin-safe dispute between Mexico and the US continues to see the majority of major American retailers refrain from buying Mexican canned tuna brands, there is a growing market...
Analysts Less Bullish On TU Stock
While the general consensus still puts Thai Union’s stock (TU:TB) at outperforming the market, previously strong confidence in the company’s share performance is somewhat fading, as less...
EU Free Trade For Vietnam Could Take Years
Despite it already being clear last year that a free trade agreement (FTA) with the EU was in sight for Vietnam, the country still has a relatively long wait until duty free tuna trade becomes...