Bumble Bee Foods is seeking for recent price fixing conspiracy allegations filed against the company to be dismissed, as it claims the consumer plaintiff did not actually purchase any items...
Tuna Trade News
TU CEO Discusses Upcoming Business Hurdles
Thai Union’s CEO Thiraphong Chansiri outlined the major trends likely to affect the food industry at the 2018 Thailand Food Innovation Forum last month. He cited a number of factors that could...
Latin American Consumption Set For 30% Rise
Seafood consumption will increase in Latin America, by a substantial 33 percent by 2030 according to a newly published report from the FAO. With a strengthening economy in the region the...
Analysts Shave 30% Of TU Profit Predictions
Major Thai analyst firm, Bualuang Securities, has knocked nearly 30 percent off its previous 2018 full year net profit prediction for Thai Union, at a time when the leading Thai canner is also...
Calvo’s Litigation Risk For EU Tariff “Discrepancies”
On announcing its full year 2017 financial results, Spanish tuna leader, Grupo Calvo also noted it is reserving EUR 12 million (USD 14 million) for potential litigation risks. The...
BKK SKJ Price Discounted Further To Attract Demand
Although there was general expectation buyers in Bangkok would start purchasing bigger volumes of skipjack raw material, demand is scarce and the market price has dropped again. After...
Indian Ocean Prices Drop From 2018 High
Although supply remains short in the Indian Ocean hub of the Seychelles, prices concluded on skipjack and yellowfin raw material have softened somewhat, reflecting the trend seen in Bangkok....
Spanish Canners Oppose Using Certifications As “Market Barriers”
A proposal from Spanish tuna fleet representative OPAGAC, to implement a government-launched “responsible fishing” standard into EU import legislation, is a move that could impose “market...
Final Steps To Launch EU/Vietnam Free Tuna Trade
The final steps are being put into action in order to implement the free trade agreement (FTA) between Vietnam and the EU, which will include shelf-stable tuna products and pre-cooked loins....
Ecuador To Push Free Tuna Trade As US Vice President Visits
The US Vice President, Mike Pence, will soon stop in Ecuador on his Latin American visit, focused on strengthening trade and security ties. Ecuador’s government says it will use the occasion...
Bangkok SKJ Price Hits Important Benchmark
Finding free coldstorage space in Bangkok is still an ongoing challenge for processors and has put a limit on the raw material discharges that can be made by awaiting carrier vessels....
Mareblu Boosts Sales But Misses Double-Digit Target
Major Italian tuna brand, Thai Union-owned Mareblu, missed its own expectations of double-digit sales growth last year, however still achieved increases that outperformed recent results. A...
Thai Union Snaps Up Stake In Seafood Retail Firm
Thai Union has taken a step closer to the retail segment, having announced the purchase of a 25.1 percent stake in Thammachart Seafood Retail Co (TSR). The move sees TU put more focus on its...
Serial Tuna Company Impersonator Poses As Hai Vuong
A company going by the name of Freede Foods has made a corporate impersonation of major Vietnamese tuna firm, Hai Vuong, fraudulently taking payments from buyers for seafood products. Hai...
Leaders Silla & Dongwon Outperform Korean Stock
Silla Co. and Dongwon’s Industries’ almost identical stock market movement is outperforming the Korean index and also the shares of the nation’s third leading tuna firm, Sajo. Despite recent...
TTIA: Thai Skipjack Imports To Strongly Outpace 2017
If skipjack raw material prices stay around the same levels seen so far this year, Thai canners will increase their purchases and volumes will climb back to 2016 levels, or higher, says Thai...
Judge Denies Lischewski’s International Trip
San Diego-based judge, Sallie Kim, has denied Bumble Bee CEO Christopher Lischewski’s request to travel to Colombia while on bail within the US canned tuna price fixing case. Lawyers...
Manta SKJ Price Drops On Strengthened Buyer Position
Although EPO skipjack catches remain relatively low, processing plants in Ecuador and other South American locations are well supplied with raw material coming from other ocean regions. With...
Lischewski Lawyers Request Travel Permission For CEO
Lawyers representing Bumble Bee CEO, Christopher Lischewski, are requesting permission from the court for the executive to travel outside of the US for personal circumstances. This is despite...
Can Thai Canners Recover 2017 Export Loss?
The Thai Tuna Industry Association (TTIA) believes canners in the country can recover the 12 percent export volume drop they witnessed in 2017, however it will depend on their ability to...