The UK-based Princes Group is determined to source all the tuna for its products from MSC-certified fisheries by the end of 2025. Neil Bohannon, Chief Procurement Officer, Princes Group,...
Trade
Ricardo Fuentes Group’s Former Directors In Hot Water For Illegal Bluefin Tuna Scandal
More information about the Spanish court case involving millions of dollars in illegal bluefin trading is emerging. The world’s largest bluefin company, the Ricardo Fuentes Group and two of...
Dongwon Industries Is Under Scanner Of Tax Officials
The Korea National Tax Service (KNTS) is conducting investigations on Dongwon Group’s key affiliates, including Dongwon Industries, owner of the US StarKist brand. Attention is being given to...
Edible Oil Prices Remain High, Burden For Canned Tuna Processors
Global food commodity prices in June remained unchanged from May. Canned tuna producers have to deal with high value of edible oils such as sunflower and olive during 2024 and quotations for...
EU Regulators In Talks Over New Customs Agency
Over the years, trade to the EU has increased massively and the need to conduct compliance checks on all products, including tuna and seafood, has put great pressure on the EU customs...
WR Yellowfin Demand Hits 5-Year Peak In Q1
EU processors’ demand for frozen yellowfin in the first quarter of the year skyrocketed, while there was a decline in skipjack imports. Atuna Analyst data shows EU plants purchased 37,661 tons...
Jealsa Kicks-Off Multiple Expansion Initiatives In Guatemala
Spanish tuna group Jealsa is increasing its production activities in Guatemala. It is setting up several initiatives which include increasing tuna production in its Industria Atunera...
Wild Planet Hires Dedicated Marketing Vice-President
US brand Wild Planet Foods announced that Clint Mickel is its new Vice-President of Marketing. Mickel will lead strategic marketing initiatives to expand the brand, which claims to use only...
EU Processors Increase WR Import From Unusual Suppliers In Q1
In the first three months of 2024, almost one-third more frozen whole-round tuna were imported into the EU. The processors made quite some shifts in the origin where they bought their raw...
MIFCO Buys Skipjack At International Market Price
Maldivian state-owned tuna processor MIFCO is buying skipjack from local fishermen at global market prices from the beginning of this month instead of government-determined rates. MIFCO said...
Should Tax On Tuna Products Be Eliminated?
The Spanish government recently chose to exclude tuna and seafood from tax reduction on basic foodstuffs per July 1. Processing and fisheries associations Anfaco and Cepesca were greatly...
Mystery Of Vanuatu-Produced Sino-Van Tuna Cans Solved
The Vanuatu Customs Department announced that the two flavors of canned tuna, with Sino-Van Fisheries Ltd labels, that were sold in a Chinese shop in Vanuatu were not intended for sale. They...
Low Catches Translate Into Drop In EU Canned Tuna Trade With African Nations
The EU canned tuna trade with Africa plummeted in the first three months of this year compared to the same period in 2023. Seychelles’ canners are the largest sellers, followed by Mauritius....
Spanish Demand For Chinese Loins Skyrocketed In Q1 2024
Spanish processors’ demand for frozen pre-cooked loins remained unchanged in Q1 2024 from the year before. They increased their buying from Chinese suppliers while there was a major trade...
“Dumping Cheap Tuna” Into US Raises The Ire Of American Samoa Fleet
Foreign nations "dumping cheap tuna" has undercut the profitability of US fisheries, stated the Western Pacific Regional Fishery Management Council (WPRFMC) at a meeting held in Honolulu last...
Mozambique Enters Multi-Mln Settlement In Tuna Bond Scandal
Mozambique will pay its creditors USD 220 million to settle the decade-old tuna bond scandal that shook the African nation’s economy. The interest from lenders, which mounted up to USD 1.4...
EU Frozen Pre-Cooked Loins Intake Remained Stable in Q1
Canned tuna producers in the EU bought slightly less frozen pre-cooked loins in the beginning of this year. Their overall purchases from foreign processors were reduced. However, Chinese...
Major Global Highlights June 2024
Skipjack price in Bangkok witnessed an upward trend throughout June. The biennially released UN FAO SOFIA report revealed that tuna is the most consumed fish. Uncertainty continues to loom...
World Leaders Push For Fisheries Subsidies Agreement Implementation
The 'Aid for Trade Global Review' event called for the promotion of sustainable tuna and other fisheries by implementing the World Trade Organization (WTO) Agreement on Fisheries Subsidies....
Spanish Associations Cry Foul Over Govt Not Removing VAT On Tuna Products
Stakeholders from the tuna fishing sector are irked by the recent decision of the Spanish Council of Ministers to exclude tuna and other fish items from the tax reduction on basic...