Despite the global whole round tuna price now rising from dramatically low levels, the weakening of the US dollar against Europe’s leading currency is somewhat offsetting the financial impact...
Trade
Mexican Tuna In US Hardly Affected By Actions Of Dolphin Activists
New data has revealed that despite US consumers and retailers being subjected to vast high-profile attacks regarding the selling of Mexican tuna, the Central American country’s exports of...
Sellers Firm On Higher Skipjack Price
With the bearish mood on Bangkok skipjack (SKJ1.8:BKK) ended, traders and boatowners in the Thai capital are now asking for substantially higher prices for their raw material, pushing the...
The Highs And Lows Of Thailand’s New Mega Market
While many major markets lost their appetite for Thai canned tuna over 2015, there was one nation in particular that became an even more prominent destination for the product. Egyptian buyers...
Tuna Bond Investors Nerves Over Next Payment Date
Yields on Mozambique’s USD 850 million tuna bond debt have soared to a record high level ahead of the next repayment date due in early March, as investors await a restructuring proposal from...
Maersk Ownership On Bitung Port Limited
Indonesia is expected to continue disallowing majority foreign ownership of its ports this week as the country releases a revised document detailing limits on foreign participation in the...
Skipjack Returns Strengthen Kyokuyo Profit
This week Kyokuyo Co Ltd announced that it saw an increase of 7.6 percent on operating income to JPY 2.47 billion (USD 21.1 million) for the April through December period of 2015. Net sales...
Will Latin Tuna Brands Be The Next Takeover Targets?
Europe is becoming a tougher place than ever to finalize deals and mergers within the tuna industry, and as costs continue to rise on the continent, opportunities for investment can be both...
German Deal Sparks Strong TU Stock Recovery
A significant pick-up has emerged in Thai Union share value, with price shooting up into much more favorable figures. In spite of the mounting pressures that the company has faced, a renewed...
TU Tuna Fleet Write Down Eats Q4 Profits
The world’s largest canned tuna producer, Thai Union, is set to record a fourth quarter profit knock after being forced to absorb the expenses incurred from its abandoned Bumble Bee merger...
How Discounters Could Change Latin American Tuna Consumption
While discount retail chains have been claiming an increasing market share across Europe over recent years, in terms of tuna consumption, their importance among Latin American shoppers is...
Large Scale Arrests By Thai Anti-IUU Taskforce
Thailand’s recent crackdown on IUU, in light of its yellow card extension by the EU, has seen the arrests of over 100 individuals. As the globe’s third largest annual exporter of seafood,...
Latin America New Region For Asian Tuna Investment?
With Europe becoming a tougher place to finalize tuna industry mergers and deals, there is the expectation that Latin America could become the new region to attract Asian investment in the...
Brussels Praises Philippines Over Increased Exports
The European Commission has praised the Philippines for making good progress under its GSP+ program, which has allowed the country to grow its exports to the EU by over 19 percent from January...
The End Of Bearish Mood On Bangkok Price?
The bearish mood on the Bangkok skipjack market appears to be fading, as traders have started asking for higher prices on low volumes. Despite no large deals being finalized yet, negotiations...
UK Tuna Sales Slump
In recent figures published by UK public body Seafish, tuna sales over the Christmas period dropped by 7.7% to GBP 18.1 million, placing in third for the 2015 Christmas period of the seafood...
Thai Canned Tuna Exports Plummet
A bearish trend has hit Thailand’s canned tuna shipments as volumes of the product to the world’s largest canned tuna import markets have seen a year on year decline of 13 percent, with the...
TMI Wants Government Support On Cannery
Despite opening its doors just a year ago after a multi million dollar investment, Tri Marine is struggling to keep its American Samoan cannery in operation as troubles with supply have now...
Feds Step In To Delay Price Fixing Movement
The US federal government has stepped in to delay the forward movement of litigation against the country’s Big 3 canned tuna brands, and their main supplier, Tri Marine International. All have...
Will The New Tsukiji Have The Same Massive Attraction?
Scheduled to open in November this year, Tokyo’s world famous Tsukiji market move has not been without controversy. The existing home to the market, now over 80 years old, is in a state of...