February was a comparatively calm month for the EU Regulatory Rapid Alert System for Food and Feed (RASFF) for tuna-related occurrences. Only three incidents were reported - in Spain, Italy,...
Trade
Maruha Nichiro Reports A Fruitful 2022 Amidst Multiple Crises
Japanese seafood company Maruha Nichiro reported its highest-ever sales and operating profit from April through December 2022. The profitability of its skipjack business has improved. Higher...
EU Canned Tuna Buying Hits Peak, Worth EUR 2.8B
European traders and retailers once again increased their buying of canned tuna in 2022 and they turned more to sellers outside the EU to meet their needs. The booming EU canned tuna import...
Tuna Businessman’s Passing Away Leaves Future Of Koo’s Fishing Uncertain
Taiwanese businessman and independence activist, Koo Kwang-Ming, passed away on February 27. The 96-year-old was the founder of Koo’s Fishing Company Ltd (KFCL), registered in the Marshall...
New Smuggling Tactic, Cocaine Found In Tuna Cans
After one year of investigation, the Spanish Civil Guard seized 2,458 kg of cocaine hidden in tuna cans from a container shipped from Ecuador. What started as following a criminal network...
Dongwon Steps Into Veganism, Launches ‘My Plant’ Line Of Products
After much speculation on its release date, Dongwon F&B announced the launch of its ‘My Plant’ food line with plant-based tuna and other vegan items on March 7. The new brand – with the...
SKJ1.8:BKK Pushed Higher As Skipjack Supply Weakens
After more than a month of relatively stable pricing, the level at which frozen whole round skipjack in Bangkok is traded has risen sharply, mostly driven by the abysmal supply. Sources said...
Outrage Over Calvo Tuna Price
After a recent social media post went viral, Spanish shoppers have shown their outrage to German supermarket chains Lidl and Carrefour-owned Supeco for charging a higher price for Calvo tuna...
Continuing Drop In Sunflower And Soy Oil Prices Good News For Tuna Processors
Sliding vegetable oil prices are great tidings for the global canned tuna industry which was burdened by elevated rates in its supply chain for most of 2022. Last year's fourth quarter showed...
Boston Seafood Expo To Focus On Sustainability & Compliance
Seafood Expo and Seafood Processing North America is set to take place in less than two weeks. Several major topics relating to the tuna and seafood industry will be discussed during the...
Philippines Canned Tuna Producer Mega Prime Gearing For IPO
Manila-based canned tuna and seafood processor Mega Prime Foods is gearing up to explore new horizons. During the opening of a third plant on Wednesday, the firm announced its new CEO and...
Polish Firm Graal Sells Tuna Canning Operations To German Food Giant
Polish company Graal Capital Group has sold its tuna and seafood canning operations to Lisner Holding, a subsidiary of German-based Unternehmensgruppe Theo Müller (UTM). Its founder and CEO...
Ecuador Makes China The Scapegoat For Its Reduced EU Loins Exports
The Ecuadorian government used the visit of a European delegation to address the autonomous tariff quota for tuna loins which China largely fills. Their national tuna industry claims that this...
Garba Fish Trading In Ivory Coast Regulated After Much Criticism
Last year, the Ivory Coast government placed a cap on the prices of faux thon (fake tuna) in the country after much backlash from the local tuna industry and other stakeholders. Faux thon is...
Will US Continue Expanding Its Canned Tuna Imports?
In 2022, US traders and retailers imported 25 percent more canned tuna. As usual, Thai processors supplied the majority of the products (60 percent), but canners in Mexico and Vietnam also...
Dry Containers Currently Lower Priced Than Pre-Pandemic Rates
Dry container rates have declined to lower than pre-pandemic levels and analysts are forecasting that they might drop even more. Although prices for reefers, which transport frozen whole...
Costa Rica To Ink FTA With Ecuador Over Tuna Exports
On March 1, Costa Rica and Ecuador will sign a free trade agreement (FTA) with 90 percent of Costa Rican exports, including tuna, entering its South American neighbor’s market duty-free....
Imprisonment Of Filipino Politician Among Obstructions To EU Free Trade
The Philippines wants to continue free trade relations with the EU, but the agreement will end this year. The bloc is considering an extension of the Generalized Scheme of Preferences Plus...
Italian Thieves Stealing Truck Full Of Tuna Arrested
The Italian police arrested two men who attempted to steal 30 pallets of canned tuna. The accused – aged 47 and 54 – were already under the watch list for alleged theft and complicity. The...
Cape Verde Will Export First Bluefin This Year
African archipelago Cape Verde is gearing up to export bluefin within a year. Prime Minister Ulisses Correia e Silva recently visited the bluefin farming company Nortuna based in São Vicente....