In the first half of the year, canned tuna producers shipped six percent less products to the US and invoiced a lower price per ton. The main suppliers were from Asian countries and it seems...
Trade
Readers: Not Convinced State Of Emergency In Ecuador Disrupts Canned Tuna Exports
It is unsure whether the ongoing two-month state of emergency declared by President Guillermo Lasso will take a toll on Ecuador's economy. The country is one of the largest tuna exporters to...
US Canned Tuna Imports Cost Significantly Higher In Q2
American retailers and traders imported fewer canned tuna shipments in the first half of 2023 compared to last year, with trade declining from major suppliers. The total business amounted to...
US Private Equity Firm To Secure Subway Chain For USD 9 Billion
After months of speculation, a deal to sell the US' largest fast-food chain Subway is likely to be closed this week. Private equity firm Roark Capital, which is in the lead, will purchase the...
Poor Skipjack Supply Reduces WCPO July Transshipment Volumes
In July, when the FAD ban kicked off in the WCPO, not only did seiner-caught tuna volumes drop but so did the amounts of tuna transshipped from PNA ports. The latest regional data shows that...
Lion Capital Had “Economic Motive” To Allow Price-Fixing By Bumble Bee
Former owners of Bumble Bee, a UK-based private equity firm, and its subsidiary Big Catch Cayman, could still be held responsible for their alleged role in Bumble Bee’s price-fixing scheme...
Outstanding P+L Catches Drive Maldives H1 Skipjack Exports
Maldivian tuna export rose by 16.9 percent in the first half of 2023. Excellent pole and line catches, especially during February and March, drove exports of frozen whole-round skipjack to...
Thailand Imports Of Yellowfin WR Continued Sliding In Q2
All major suppliers reduced their yellowfin raw material exports to Thailand except for Korea, which managed to increase its trade in the first half of this year. Thai Customs data shows that...
Strong Domestic Demand Pushes Century Pacific Half-Year Turnover
Philippines-based Century Pacific Food Inc's (CNPF) first half-year revenue rose by eight percent year on year as sales of its branded canned tuna and other foods improved in the domestic...
Solomon Islands Exponentially Increases WR exports To Thai Canneries
The import of frozen whole rounds to Thailand dropped in the first half of this year due to low WCPO catches and lack of demand for raw materials by canneries. Indonesia was Thailand’s top...
Ecuador In State of Emergency After Murder Of Presidential Candidate
Ecuador's President, Guillermo Lasso, declared a two-month state of emergency after presidential candidate and popular drug crime fighter, Fernando Villavicencio, was assassinated on Wednesday...
Maldives Top Supplier Of Skipjack WR To Bangkok Canneries In H1
Frozen skipjack volumes imported by Thai producers contracted by 14 percent in the first half of the year. While many major seiner fleets' deliveries saw a massive decline, the...
Philippine Tuna Congress Focuses On Sustainability And Monitoring
The Philippine tuna industry is gearing up for the national tuna congress, an annual event that brings together stakeholders from the sector. The 23rd Socsksargen Federation of Fishing...
Lower Skipjack Catches Pushed Down WR Tuna Supply To Thailand In H1
A sharp fall in skipjack whole rounds weakened the overall supply of raw material to canneries in Thailand in the first half of 2023. It was propelled by low volumes of tuna catches from major...
PINSA-Owned Dolores Premium Tuna Products To Hit Retail Shelves
The Mexican brand Dolores, owned by Grupo PINSA, launched a new line of premium tuna products on August 8 at an event held in Mexico City. Ten novel items will hit retail shelves soon,...
Is American Tuna In Hot Water After US Buyer Demands Class Certification?
A US consumer has asked a Californian federal judge for class certification in the lawsuit against American Tuna Inc. and its corporate parent, World Wise Foods. The US labeling law does not...
Lower Skipjack Catches Pushed Down WR Tuna Supply To Thailand In H1
A sharp fall in skipjack whole rounds weakened the overall supply of raw material to Thai canneries in the first half of 2023. It was propelled by low volumes of tuna catches from major WCPO...
Thai Union’s Net Profit Nosedived In Q2, Canned Tuna Sales Improved
Thai Union Group’s second-quarter turnover was much improved from the slow start in 2023 but it was still a far cry from its performance in 2022. Its canned tuna business saw very modest...
Court Will Not Penalize Plaintiff & Counsel In Subway “No Tuna” Lawsuit
Subway Restaurants will not be getting its way to penalize a plaintiff who brought a lawsuit against it for claiming that the company does not have tuna in its sandwiches. A Californian...
Vietnam Inks Deal On Duty Free Tuna Exports To Israel
Under the deal signed on July 25, Vietnamese tuna products are now subject to zero import tariff to Israel. This new pact is expected to boost the annual bilateral trade by...