UK-based Princes Group, which sells its tuna products under the Princes brand, is speculated to be sold before the end of this year. Three equity firms – Epriris, Lone Star, and One Rock...
Trade
UN And Red Cross Sends Canned Tuna As Food Aid For Civilians In Gaza
The United Nations and Egyptian Red Cross sent twenty trucks with desperately needed food, including canned tuna, and water to the people in Gaza where the conflict has cut them off from the...
Seafood Veteran Ventures Into Thai-Based Tuna Company
Thailand-based tuna and seafood company Black-Fin Seafood Company has welcomed Doug Brinsmade as its new co-founder. The industry veteran returned to the tuna business by entering in a joint...
Low Yellowfin Supply & High Prices Slashed EU WR Imports
Far fewer reefer containers filled with yellowfin raw material were delivered to EU processors at the beginning of the year, impacted by high prices and low supply from key fleets. The tuna is...
US Consumer Demand For Tuna Pouches Tripled In More Than A Decade
One of the key trends in the US canned tuna market in 2022 was the shift from cans to pouches. Consumer demand for easy to eat pouches has grown exponentially over the years due to product...
New Ecuador President Vows To Fight Drug Cartels
After two election rounds, Daniel Noboa has been finally chosen as Ecuador’s new President. In his speech, he promised to “give back peace to the country” referring to the growing presence of...
Whole Round Skipjack Imports Hit Record-Low Level In EU
Canneries in Europe bought the lowest quantity of frozen skipjack whole rounds in more than a decade in the first half of this year. Import quantity fell by eight percent while the tuna was...
EU Processors Massively Reduced WR Intake Due To Lower Sales
EU processors largely reduced their purchase of frozen whole round tuna in the first half of 2023 amid weakened consumer demand and inflated costs for producing canned tuna. There was a 21...
Dongwon Forelooks US Sales Through StarKist
South Korean tuna giant Dongwon F&B is focusing on expanding its trade to foreign markets and is discussing its first-ever business cooperation with StarKist. Kim Seong-yong, CEO of...
PNG Teams Up With RD Tuna To Revive Tuna Project
The PNG government is stepping up on its rhetoric to get the Pacific Marine Industrial Zone (PMIZ) off the ground. PNG has joined hands with RD Tuna Canners so it can “utilize not just their...
Global Tuna Sector Facing “Perfect Storm”
“Tuna is one of the best raw materials in the world, and canned tuna is one of the most popular foods that is value for money and appreciated by consumers around the world,” stated Adolfo...
Anuga Was Well-Visited And Closes Today
The food and beverage fair Anuga closes today and the overall mood was that people were pleased to meet their customers and suppliers in person. All days were very crowded so the attendance...
Will Princes Brand Be Divided From Group After Acquisition?
British food and beverage company Princes Group is one step closer to being sold as three private equity firms – Epiris, Lone Star, and One Rock Capital Partners – are preparing their final...
EU And Seychelles Review Crucial Tuna Fishing Agreement
Representatives of the European Union and Seychelles emphasized the positive impact of the Sustainable Fisheries Partnership Agreement (SFPA) that allows EU seiners to fish for tuna in its EEZ...
Ecuador Holds Tight To Latin American Tuna Market Despite Chinese Competition
A huge chunk of Ecuadorian tuna exports is headed to Latin America, but China's market presence in this region is growing. Dario Chemirinski, Business Director of Selecting Strategic Partners,...
Big Money For Israeli Start-Up In Cell-Based Tuna
Wanda Fish Technologies is the latest to join the bandwagon of firms exploring cell-based technology to cultivate bluefin. It recently secured USD 7 million in seed funding to create...
Anuga Kicks Off, Tuna Industry Not In Optimistic Mood
On Saturday, Anuga opened its doors in Cologne, Germany, and today, it will welcome a massive influx of business people. The overall mood among tuna processors and boat owners is not that...
Readers Doubt US Congress Will Pass 600 Mln South Pacific Tuna Treaty
US President Joe Biden met with Pacific Island leaders in Washington last month to conclude several partnerships, including the much-awaited South Pacific Tuna Treaty (SPTT). The Pacific...
Conxemar Concluded With Record Edition
The 24th Conxemar International Frozen Seafood Products Exhibition closed on October 5 in Vigo with over 26,736 visitors and exhibitors from 110 countries. This was three percent more...
Italian Producers Demanded More P&L Skipjack Loins In H1
Italian processors cut back on their imports of frozen pre-cooked loins in H1 2023, buying nine percent less compared to last year, onlyreducing their intake from suppliers outside the...