Canning associations Anfaco and ANICP from Spain and Portugal, respectively, signed a Memorandum of Understanding (MoU) last Monday. The agreement aims to promote the Iberian tuna canning...
Trade
Thai Canned Tuna Trade Up To Q3 Expanded In Americas
Canned tuna exports to the Americas grew by 27 percent from January to September this year. Business with most markets expanded and, the average FOB price remained stable with only a one...
Vietnamese Tuna Traders Expect Sales Boost As Free Trade With UAE Is Sealed
United Arab Emirates (UAE) and Vietnam signed a comprehensive economic partnership agreement (CEPA) last month after a year of negotiations. Vietnam Association of Seafood Exporters and...
US Canned Tuna Consumption Rose In 2022
Americans ate more canned tuna in 2022 compared to the year before while there was a decline in interest for some fresh and frozen seafood. While canned tuna remained the third-most eaten...
Thai Union’s Roadmap To Ambitious Growth
Thai Union Group has presented its Strategy 2030 to boost its turnover by a 79.5 percent increase within six years. On Monday, it revealed that the strategy is “pivotal to the Company’s vision...
Balanced Demand and Supply Maintain Bangkok Skipjack Price
Fair supply and lukewarm demand are keeping the trade of frozen whole-round skipjack in Bangkok going. The news is that the deals made varied widely in price for processors of different sizes....
Confluence Of Factors Pushed Massive Expansion In Q3 Thai Canned Tuna Exports
Thai canned tuna trade had a strong performance from January to September, propelled by a large hike in exports in the third quarter. The falling prices of raw material and ocean freight, and...
Century Pacific Says Canned Tuna Exports Drove Profits In First Nine Months
Century Pacific Food Inc. (CNPF) declared that its consolidated sales for the first nine months of this year amounted to PHP 56.9 billion (USD 974.26 million), a 13 percent rise compared to...
Thai Union’s USD 110 Mln In Earnings Boosted By Strong Canned Tuna & Pet Food Sales
Net profit of the Thai Union Group reached THB 3.77 billion (USD 110.03 million) in the first nine months of this year, a substantial jump of 19.5 percent year on year. It was propelled by...
The Big Impact Of Plunged Maldivian Pole-And-Line Tuna Exports
Following continued low catches, the Maldivian exports of pole-and-line fresh, chilled, or frozen skipjack collapsed in the third quarter resulting in less than half of shipment volumes sent...
Volatile Factors Impacted Freight & Prices Says Maersk Executive
The global tuna sector has experienced a lot of disruption this year. While freight prices have continued to fall, the Red Sea crisis which began nearly a year ago, is still impacting ship...
US Presidential Elections & Potential Impact On Tuna Trade
Millions of US voters will be casting their ballots today for their favorite candidate – either for Vice President Kamala Harris or former President Donald Trump. One of the hottest issues...
EU Processors Could Not Resist Cheap Chinese Tuna Loins, Stable Volumes In H1
European processors’ intake of frozen pre-cooked loins in the first six months of this year remained largely stable compared to last year. Chinese producers largely expanded their business...
Dongwon Industries Experienced “Temporary” Net Loss In Q3 2024
Dongwon Industries recently announced its consolidated financial results up to the third quarter this year. Sales for up to Q3 decreased by 1.9 percent to KRW 2.34 trillion (USD 1.69 billion)....
US Blacklists Several Thai Pet Food Products
The US Department of Labor recently stated that Thai pet food, fish meal, and fish oil products that are manufactured from tuna and other seafood have been identified to come from “potential...
Tuna First Sales Value In EU Not Favorable In H1
The first sales value of tuna and other fishery products fell as did the volume in most EU nations in the first half of 2024 compared to the same period last year. This was revealed in the...
Sapmer’s Turnover Tumbled In H1, Hit From Mauritian Tuna Operations Cutback
French tuna and seafood fishing Sapmer Group announced its half-year 2024 results stating its turnover was EUR 50.7 million, a 36 percent reduction from last year, driven by the cessation of...
Major Global Highlights October 2024
October was filled with news in the global tuna sector. Prices in major processing hubs did not witness remarkable changes. NGOs Bloom and Foodwatch joined hands to say many well-known canned...
Vietnam Increased Tuna Sales In Major Markets
Vietnam’s tuna export revenue reached USD 728 million in the first nine months of 2024, an 18 percent jump year on year. Sales increased in all three major markets for Vietnamese processors –...
Italy Reduced Canned Tuna Imports From Prominent Processors In H1
Italian brands, retailers, and traders reduced their buying of canned tuna in the first half of 2024. Business with most sellers outside and within the EU fell during this period. Ecuador, the...