The fishing law of Ecuador is so old that it cannot ensure compliance with international regulations, which jeopardizes the tuna sector of the world’s second-largest exporter....
Tuna Trade News
Price-Fixing Costs Thai Union Millions More Than Projected
Thai Union has accrued over USD 102 million for price-fixing charges in the US in the past one year, with the company commenting, “the financial exposure has been substantially higher...
Judge Delays Starkist Sentencing At The Last Minute
A US District Court judge has accepted Starkist’s request to postpone its sentencing from August 7 until September 11. This will allow the tuna brand to submit more information on...
Hard Brexit Could Significantly Inflate UK Tuna Prices
The countdown for the UK to leave the EU has truly begun – the deadline is on October 31 at 11pm London time – and there is a real fear that the country will be facing a no-deal Brexit or...
Safa Says Ex Credit Suisse Banker Lied In Mozambique Fraud Case
French-Lebanese billionaire, Iskandar Safa, has said that a former Credit Suisse banker lied when he pleaded guilty to fraud-related charges in an ongoing USD 2 billion Mozambique fraud...
Judge Unimpressed By StarKist’s Bankruptcy Fear
A US federal judge was unimpressed when StarKist Co. said that it may have to file for bankruptcy because it “simply can’t pay” the potential USD 100 million criminal fine and possible civil...
Middle East Consumers Are Thai Canners’ Biggest Market
During the first half of the year, Middle East buyers showed great interest in acquiring Thai canned tuna. Producers during 1H shipped the majority of their consignments to this...
Bom Petisco Introduces Tuna With Curry Flavor
The Portuguese brand Bom Petisco has launched a new canned tuna flavor, tuna in curry sauce. The recipe took months of research as it wanted to respect the Asian origins of...
Catches Are Not The Determining Factor For Bangkok Skipjack Price
The price for whole round frozen skipjack in Bangkok has moved upward over the last week. Negotiations are within the range of USD 1,150 –USD 1,300 per M/T, industry sources told Atuna....
UK Preppers Stockpiling Canned Tuna
With the possibility of a hard Brexit inching closer, food preppers have started hoarding products. Domino’s Pizza Group has apparently spent GBP 7 million stockpiling ingredients, including...
Thailand Canners Regain Lost Exports Volume
During the first half of 2019, buyers' interest in Thai canned tuna grew four percent year-on-year, to a total volume of 247,979 M/T. However, primarily as the result of the low raw...
Bumble Bee Seafoods Considering Bankruptcy
Bumble Bee Seafoods LLC is considering bankruptcy filing in order to ease its financial woes from price-fixing charges and alleged loan defaults, according to Bloomberg. A...
Thai Union Profits In Q2 From Low Raw Material Prices
The performance figures for the second quarter of 2019 of one of the biggest players in the tuna business, Thai Union, are out. While the company managed to make some profit, it...
Spanish Canners Increasing Supply To Dutch Hub
For many markets, the Netherlands serves as a logistics and distribution gateway to enter the old continent. Many producers who want to reach Central European...
Readers: Bolton Most Likely To Take Over Clover Leaf Seafood
More than 80 percent of Atuna readers expect Italian conglomerate, Bolton Group, to take over the Clover Leaf Seafood Co. The Canadian canned tuna company, which is a subsidiary...
Family Owned Sirena Up For Auction
The Valmorbidas family, owners of the Australian canned tuna brand, Sirena, are looking to sell their famous yellow-labeled brand. They are expecting to get at least AUD 300 million (USD...
Mozambican Tuna Bond Scandal Enters New Chapter
The Mozambican USD 2 billion debt scandal is turning into a messy affair. Mozambique is now suing Iskandar Safa, Chief Executive Officer of Privinvest, an Abu Dhabi-based shipbuilder, for...
Thailand Manages To Reign In Sweden, Despite High Tariff
While Denmark and Norway's tuna appetite decreased last year, their Nordic sister, Sweden, did not join them in this trend. The demand for canned tuna peaked in 2018 with 6,720 M/T of the...
Class Certification Granted To Consumers In Tuna Price-Fixing Lawsuit
A California federal judge has granted class certification in an antitrust multi-district litigation (MDL) to consumers against three tuna companies, Chicken of the Sea, StarKist,...
Century Pacific Net Income Grew 9 Percent In Half-Year
Philippines-based canner, Century Pacific Food Inc. (CNPF) experienced a growth in its net income by 9 percent year-on-year to PHP 1.7 billion (USD 33.2 million) due to the demand of...