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...
Trade
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...
French Canned Tuna Sales Suffer In 2023 As Inflation Bites Consumers
This year has been hard on the French tuna sector and it is facing the same challenges in other markets around the world, said Alexis Jacquand, Director General of Petit Navire, in his...
Myanmar’s New 10% Tax Might Impact Migrant Workers In Thai Tuna Sector
Myanmar’s junta recently ordered its citizens working abroad to pay tax on at least 10 percent of their incomes. The new law came into effect on October 1 and will be enforced until March 31,...
BlueNalu Eyes International Tuna Market, Extends Deal With TU
Californian cell-based firm, BlueNalu, has renewed its deals with three tuna and seafood companies to facilitate the introduction of cell-cultured marine products across international markets....
Anuga 2023 About To Start, Major Tuna Processors Showcasing
The world’s largest food and beverage fair Anuga will begin this weekend from October 7 to 11 in Cologne, Germany. The event expects to welcome almost 8,000 exhibitors from about 100...
Slumping Sales Make Spanish Canners Cut Back On Loins
Trade in frozen pre-cooked loins has fallen in the first six months of this year, with Spanish producers cutting back on their buying. In 2022, EU processors imported historically high levels...
COS New Tuna Flavors Carry Partner Food Companies’ Logo
Chicken of the Sea (COS) has joined hands with US food company McCormick to launch three new tuna flavors in pouches. The brand claims that all products “ deliver both taste and nutrition in a...
Princes Group Bidding Intensifies, Speculation Of USD 845 Million Value
The Princes Group, which owns ambient tuna brand Princes, could be sold for GBP 700 million (USD 845 million) before the end of the year, at a much higher price than what it was validated at...
EU Processors Reduced Their Loins Demand Due To Record Prices
The demand for frozen pre-cooked loins continued to decline in the EU in the second quarter of 2023, driven down by high prices of the intermediary product and a significant drop in canned...
Thailand Continues To Be Finland’s Main Canned Tuna Supplier
Finland drastically reduced its intake of canned tuna in the first half of this year from both foreign and other EU processors. Thailand, which emerged as the top seller, increased its...
Tuna Bond Scandal Takes New Turn As Mozambique And Credit Suisse Reach Settlement
The decade-long tuna bond case has taken a new twist as Mozambique and Credit Suisse agreed to an out-of-court settlement over the weekend. The Union Bank of Switzerland (UBS), owner of Credit...
Thai Union Family Member Drops English Soccer Club Ownership After Insults
Dejphon Chansiri has decided to stop investing in struggling English soccer club Sheffield Wednesday after being insulted by fans again. In a recent statement posted on the club’s website, he...
Swedish Purchased More IO Canned Tuna In H1
Sweden is the largest canned tuna market in Scandinavia but declined five percent in the first half of 2023. As witnessed in all three Nordic countries in the EU, Swedish traders and retailers...
Denmark Increases Trade With Asian Processors In H1
Denmark has slightly increased its intake of canned tuna in the first half of 2023, a trend observed also in previous three years. Mauritius emerged as the top seller, but Asian processors...
Scandinavian Buyers Reduced Trade Within EU In 2023
Sweden, Denmark, and Finland together imported slightly less canned tuna from January to June compared to their buying in 2022. The five-year trend indicates that the market responded to the...
Vietnam’s 2022 Tuna Exports Revenue Hit Record USD 1 Billion
In 2022, Vietnam’s tuna exports rose to hit peak value of over USD 1.02 billion. It also accounted for nine percent of the total seafood exports’ value for the country that year. The record...
Economic Woes In Egypt Pushes Down Canned Tuna Trade In Middle East
Canned tuna is a popular food item in the Middle East with a growing demand for both domestic and imported brands. In recent years, the region has seen an increase in health-conscious...
Decreased WCPO Transshipments In August, Supply To Bangkok Still Steady
Despite ongoing FAD ban, WCPO catches improved in August but there was a reduction in the amount of tuna transshipped from PNA ports. In August, 54,674 tons of frozen whole rounds...