Spanish tuna company Atunlo has time until the end of this month to continue negotiations with banks to avoid liquidation. The Vigo Commercial Court issued a new deadline for March 27. The...
Trade
Bangkok Skipjack Price Soars
Lower skipjack supply has strongly pushed the value of the raw material in the Bangkok processing hub. Sources said the price of frozen whole round skipjack is being traded at much higher...
US Dollar In Free Fall Against Euro Due To Trump’s Shifting Decisions
Since March 1, the US dollar has weakened against the euro by 5.1 percent, which is good news for the EU tuna industry. This is also convenient for President Trump because he has indicated...
Canadian Retailer Puts ‘T’ Symbol On Goods Impacted By US Trade War
Canadian supermarket chain Loblaw rolled out a ‘T’ symbol to show the reason why products on grocery shelves can be more expensive because of US tariffs. Some other retailers have added the...
PNG’s Marape Wants To Boost Fresh Tuna Exports To Japan
Papua New Guinea (PNG) is eyeing the direct export of fresh tuna to Japan. PNG Prime Minister James Marape, who recently stressed the importance of stronger trade ties between the two nations,...
Deputy CEO Departs JMB International
Arnab Sengupta, Deputy CEO of Thai canned tuna and seafood trading company, JMB International, parted ways with the company last month. “Tuna is in my blood, so I will try to keep in touch...
Africans Remarkably Recovered Canned Tuna Imports From Thailand In 2024
Thai processors’ trade with North African nations such as Libya, Egypt, and South Africa witnessed massive growth in 2024, with trade increasing by nearly half compared to 2023. Most African...
Vietnam Increased Market Share In US Pre-cooked Loins Imports In 2024
The US import of pre-cooked tuna loins barely picked up in 2024. Canners purchased just slightly more loins than in 2023. However, they were invoiced at a seven-year low. Vietnamese and Fijian...
American Samoa And StarKist Confirm Ties
The American Samoa governor Pulaali'i Nikolao Pula recently stressed the pivotal role of the StarKist cannery, the biggest private-sector employer on the island. Pula met with Eunhong (Edward)...
Italian Police Seize Cocaine From Canned Tuna Shipment
The Italian police recently confiscated 250 kg of cocaine that was transported in a container with canned tuna from Ecuador. The drugs were hidden in five bags containing a total of 200...
President Trump Temporarily Delays Tariffs, Markets In Upheaval
Two days after imposing 25 percent tariffs on goods from Mexico and most products from Canada, US President Donald Trump suspended the levies, causing whiplash to investors, stock markets, and...
The Future Route For Europe’s Tuna Processing Industry
What will be the impact on European tuna producers and traders if President Trump puts his money where his mouth is and imposes a 25 percent tariff on EU imports? Is it a likely scenario now...
Korea Celebrates Tuna Day By Slashing Prices For Fresh Fish
Several supermarkets in Korea announced that they would sell fresh sushi and sashimi tuna at discounted prices from March 7 to 9 as part of the Tuna Day which is celebrated regionally. The...
Is The US Market For Pouched Tuna Imports Saturated?
The US imported slightly higher volumes of tuna in pouches last year than in 2023. This meager increase in buying does not come as a surprise as US retailers and traders had a slow 2024 after...
Mexican Canned Tuna Sector Hit By Trump Trade War
The new Trump administration kicked off a trade war this week with Mexico, Canada, and China. On Tuesday, US tariffs went into effect for all three trading partners. Mexican goods are facing a...
Solomon Islanders Raise Alarm About Imported Canned Tuna
The sight of a new canned tuna brand in Noro retail stores has irked many Solomon islanders. Locals are worried that the Chinese brand King Fish, which has introduced several canned tuna...
Record-Breaking Thai WR Imports In 2024 Propelled By Massive Skipjack Catches
Thai processors’ imports of whole rounds broke records in 2024 and could be attributed to the incredible catches made by industrial vessels in the WCPO. The main driving factor was the...
Chances Of Atunlo Getting Creditors’ Support Is Dim
Spanish tuna company Atunlo’s fate continues to hang in the balance as it struggles to get creditors’ approval for its financial restructuring plan to avoid bankruptcy. Several creditors...
Slight Growth In US Canned Tuna Imports In 2024
Canned tuna imports into the US rose marginally in 2024, propelled by Thai products. American brands, retailers, and traders increased purchases from many global suppliers. Data shows that...
US Dockworkers’ Agreement A Big Relief For US Tuna Sector
The four-month-long tension over the US-International Longshoremen’s Association's (ILA) negotiations was put to an end last week. A six-year contract was sealed between the ILA and employer,...