EU canners’ demand for yellowfin is falling which is reflected in the major reduction of their imports in 2021 whereas they shifted towards buying more skipjack. Their yellowfin sourcing also...
Tuna Trade News
Ecuador Ships Out USD 1.2 Billion Of Canned And Loined Tuna
The 2021 Ecuadorian fish export business increased in value by more than one-tenth of what it was worth in 2020. Tuna, which represents the vast majority of the industry, registered a boost...
Credit Suisse Sued Over Receiving USD 138 Million Bribes In Tuna Fraud
In the latest volley against Credit Suisse, Mozambique has filed a new lawsuit against the Swiss bank for allegedly claiming that it acted in good faith and that its employees had not accepted...
‘You Know’ Campaign Appeals To Consumer’s Love For Tuna
Iconic Colombian canned tuna brand, Van Camp's, has launched a new campaign ‘You Know’. Van Camp's owned by SeaTech International has realized that repositioning its products was not necessary...
High Transshipment Activity In PNG, Majuro Falls Back
More tuna was transshipped in PNA ports during March than in the previous month. The recovery brought back the volume to the same level as in January when the harbors recorded their best...
Canners Buy Less Whole Rounds, Switch More To EU Vessels
In 2021, EU canners purchased significantly less whole round frozen tuna. They also switched their sourcing more towards EU-owned and managed fleets, away from international vessels. Eurostat...
Skipjack Catches Improved For WCPO Vessels In March
Purse seiners navigating the WCPO increased their skipjack catches in March pushing the total landings up despite yet another drop in amounts of large yellowfin netted. Vessels continued to...
Tuna 2022 Bangkok Registration Opens With Limited Seats
The registration for the upcoming World Tuna Trade Conference and Exhibition in Bangkok is open. This edition will be a hybrid event that can be attended either in-person or virtually. Due to...
Global Canned Tuna Demand Forecasted To Grow 34%
Using a statistical model, a scientific study has forecasted that global canned tuna demand is set to increase by 34 percent within the next three decades. However, the tropical tuna purse...
Chair Chansiri Resigns To Prevent Negative Impact On Thai Union
On Monday, in a letter to the Stock Exchange of Thailand (SET), Thai Union said that it “seriously conducted [a] fact-finding investigation and found no evidence indicating any insider trading...
Insider Trading Fallout, Thai Union Stock Loses 15%
On the heels of Thai Union Group’s Chairman and several other executives being sanctioned by the Securities and Exchange Commission (SEC) for insider trading, investors have been dumping the...
Seiner Fuel Prices Fall But Market Volatility Remains
Oil prices are extremely volatile at the moment amidst supply concerns and a ban on Russian crude. Gas prices for purse seiners have dropped slightly but energy experts are uncertain about...
Weeks With No Catch Makes Manta Skipjack More Expensive
Since the beginning of 2022, skipjack catches in the EPO have been below last year’s levels which in turn were already significantly lower than those of 2020. Poor landings have pushed the...
Despite More Deliveries, Italian Import Market Remained Low In 2021
Last year, most canned tuna suppliers to the Italian market started to recover their business after suffering a big hit in 2020. Despite this, imports remained on the lower side of the scale...
Scandinavian Tuna Buyers Diverting Their Sourcing To Europe
For a long time, canned tuna buyers in Denmark, Sweden, and Finland have been focused on sourcing their needs from Asia and particularly Thailand. However, a trend to source more products from...
Chinese Processors Conquered Italian Pre-Cooked Loins Market
As the overall total 2021 EU import of pre-cooked frozen tuna loins stayed more or less stable, Italian processors slightly increased their intake of yellowfin loins. The trend among EU...
CNPF Bottom Line Grew By 13% In 2021
Philippines food and beverage company, Century Pacific Food (CNPF), posted good earnings for 2021, boosted by an increase in sales in the fourth quarter. In a filing with the Securities and...
Spanish Canners Less Eager In Buying Loins From China
Spanish canners strongly reduced their buying of Chinese frozen pre-cooked tuna loins in 2021. They appeared to have learned a costly lesson during 2020 when they eagerly overbought loins from...
EU Considers Trade Tariffs As Roadblock Against Illegal Immigration
The European Commission (EC) is considering revoking special trade tariffs for countries that are not accepting their citizens back, who are illegal immigrants in the EU. If the executive...
High Fuel Costs Forcing SKJ1.8:BKK Towards USD2,000 Barrier
The soaring fuel prices that are hitting seiner operators are having a clear impact on the price of a ton of frozen whole round skipjack in Thailand’s processing hub. Processors see no...