EU canneries strongly reduced their purchases of frozen whole round tuna at the beginning of this year with supplies from both foreign- and EU-flagged vessels dropping drastically. The massive...
Tuna Trade News
Bitcoin Crash: Canned Tuna The Best Investment?
American businessman and finance author, Robert Kiyosaki, tweeted on June 13 that after the crash of the Bitcoin: “Best INVESTMENT: Cans of Tuna Fish.” With increasing global inflation, he...
Readers Assume US Consumers Will Buy Tuna Over Chicken
In the past two years, poultry prices in the US have nearly tripled and have hit peak levels. For chicken-loving Americans, this could be a reason to switch to a much cheaper protein, tuna....
Canned Tuna Thrown Out Of Mexico-Ecuador Trade Deal?
Over the last few weeks, canned tuna has taken a significant role in the discussions about a trade agreement between Ecuador and Mexico. The countries have not yet seen eye to eye on whether...
NFI Wants Biden To Stop Penalty Duties On Chinese Loins
There might be some hope on the horizon for US importers of tuna products. Recently, US President Joe Biden in a press conference in Tokyo mentioned that he is considering cutting tariffs on...
Will WTO Members Reach A Deal On Abolishing Harmful Fishing Subsidies?
Members of the World Trade Organization (WTO) will meet this week in Geneva for the WTO’s 12th Ministerial Conference (MC12) and many stakeholders are eagerly expecting a deal to be struck...
Spanish And Italian Processors’ Demand For Tuna Loins Surged
EU imports of frozen pre-cooked loins grew in the first three months of 2022 propelled by the demand in the key processing countries, Spain and Italy. Spanish processors continued to...
EU Canned Tuna Redistribution Largely Reduced In Q1
Canned tuna imports by EU markets at the beginning of 2022 had a slight reduction of three percent. Several major areas bought more product but redistribution of imports through warehouses in...
How Did The Stronger US Dollar Influence EU Canned Tuna Q1 Demand?
Due to a loss in buying power, arrivals in EU ports and warehouses dropped slightly in the first quarter of this year. Retailers and traders importing canned tuna from Ecuador, Philippines,...
Japanese Kyokuyo’s Increased Tuna Sales Doubled Profits
Japanese frozen seafood company Kyokuyo Co. Ltd. announced its annual results on May 13. Its financial year ended on March 31, 2022, and the figures revealed a modest increase in revenue of...
John West Launches Hot Snack Variation: Tuna Pot
John West UK has introduced an innovative product, Tuna Pot, under its On the Go range. By adding hot water, the food item with tuna quickly turns into a healthy meal or snack for the busy...
Mexico & Ecuador Extend Trade Talks Over Canned Tuna
Trade negotiations between Mexico and Ecuador were extended last week and the ninth round of talks took place between the countries. Discussions of a free trade agreement (FTA) between the...
Bearish Sentiment Surrounds High Manta Skipjack Price
Skipjack trading in Manta is currently stable. However, the overall feeling of stakeholders in Ecuador is that there is a bearish sentiment around the price. Fishing in the EPO has been...
Will Skyrocketing Chicken Prices Boost US Tuna Sales?
Canned tuna is a great source of healthy protein but the consumption of this fish still lags far behind in the meat-loving US market, where a whopping eight billion chickens are eaten yearly....
Lischewski Asks Judge Not To Revive Claims In Kansas State
Chris Lischewski, former CEO of Bumble Bee, has asked a Californian federal judge to toss out a bid by a Kansas-based wholesale grocery distributor to revive a lawsuit against him. He said...
Mega Carrier Vessels Contributing To Global Supply Chain Problems
Mega container ships may be part of the global supply chain problem given that their ever-increasing sizes mean more logistical issues as well as challenges when these vessels cannot offload...
Thailand And Mexico See Sharp Drop In Q1 US Purchases
American buyers purchased 10 percent less canned tuna at the beginning of 2022, especially from Thai and Mexican processors. The total value of the business amounted to around USD 157 million....
Mexico Temporarily Eliminates Tariffs On Imports Of Tuna
The Mexican government announced this week the elimination of import duties on several food products, including canned tuna. The decree, in effect for one year, is meant to alleviate and try...
Thai Canners Increased Yellowfin Imports By Over 20 Percent
Imports of whole round frozen yellowfin by canneries in Thailand hit a five-year high in Q1 2022 and the price of these shipments also reached a peak level. Overall, this business amounted to...
Canned Tuna Consolidated Third Position In US Seafood Consumption
Although overall seafood consumption in the US dropped in 2020, more canned tuna was bought. The shelf-stable item ranked third in the National Fisheries Institute’s (NFI) recently released...