After USD 420 million was shaved off Thai Union’s stock market value earlier this year, there have been further slumps for the firm, with share price now at an even lower level. From a 2018...
Tuna Trade News
Can Chunk Light Ever Regain Lost Consumer Confidence?
US shelf-stable tuna sales have been falling year on year, and the declining consumer taste for Chunk Light products has been weighing the figures down. As the latest market stats show even...
Further $100 Drop In Bangkok SKJ Price
The Bangkok whole round skipjack price has dropped even further after declining during last month’s tuna conference. Many coldstorage facilities remain full, and carriers wait to discharge at...
Chicken Of The Sea Outperforms StarKist & Bumble Bee
Although the Big 3’s joint grip on total US shelf-stable tuna sales has weakened, Thai Union-owned Chicken of the Sea has managed to expand its share of sales volume, significantly...
Big 3 Losing Market To Expanding Smaller Brands
Smaller brands on the US shelf-stable tuna market have increased their volume share of overall sales, as the joint grip of the Big 3 brands has weakened. This has been driven by a declining...
Vietnam Blames EU Export Drop On Yellow Card
Vietnam’s tuna product exports to the EU have fallen in recent months, and representatives of the processing sector credit this to the yellow card IUU warning held by the Asian nation. The EU...
Why The EU Market Desperately Needs More WCPO YF
With the EU market’s demand for tuna products strengthening, Henk Brus, Managing Director of Pacifical, has addressed the question of where increased future supply should come from, especially...
Lischewski Hearing Delayed For “Effective Preparation”
The hearing of Bumble Bee CEO, Christopher Lischewski, within the US criminal price fixing case, has been postponed until August 15th, to allow the defendant the necessary time for “effective...
Multistate Consumer Group Asks Judge To Join Price Fixing Case
A group of consumers and a group of “commercial food preparers” in the US have urged a California federal court to certify their class action allegations against the Big 3 tuna firms and their...
Pouched Sales Add Value To Shrinking US Tuna Market
Although the overall volume of shelf-stable tuna sales on the US market has dropped, the value of purchases increased over the last two years. The popularity of pouched products and...
China Slashes Tuna Tariffs By Nearly 50%
Import tariffs on six species of tuna will be slashed by almost 50 percent, China’s Ministry of Commerce has announced. The cut on duties for fresh and frozen tuna, along with more than...
Analysts Expect Sharp Profit Hike For Dongwon F&B
A number of analysts are expecting profitability for Dongwon F&B to “improve sharply” in the second half of this year, and into 2019, “on the back of the decline in raw material input...
SKJ Price Drops During Bangkok Conference
As many negotiations and deals played out during the largest tuna industry gathering in Bangkok this week, big volume buyers attempted and succeeded in pushing down the whole round skipjack...
TTIA Confident Strong US Trade Can Continue
The recent upturn in Thai canned tuna exports to the US market can be sustained, according to the Thai Tuna Industry Association (TTIA) President. The improving image of Thai product in this...
Tuna’s Major Cost Factor: Peak Oil Prices Expected
Crude oil prices stand just above USD 70 per barrel today, and many analysts are expecting a continued rise through the coming months, with a peak at the end of the year. With oil making up...
Bumble Bee CEO Lischewski Takes Leave Of Absence
Just ahead of the start of World Tuna Conference in Bangkok Bumble Bee CEO, Christopher Lischewski, has stepped down from his lead role after facing indictment charges as part of the ongoing...
Alliance Thanks Tuna For Decade High Profit Result
First quarter 2018 net profit results for Alliance Select have sailed to the highest level of the last ten years, and are substantially stronger than in 2017, the listed company has revealed....
TU Might Set $50m Aside For Price Fixing Settlements
Major Thai analyst firm, Bulaluang Securities, expects Thai Union to set aside USD 20-50 million this year for settlements in civil price fixing litigation, which not only involves itself, but...
50% Of Italians Put Canned Tuna In Their Top 5 Foods
In Italy, around 50 percent of people say that canned tuna belongs in their top five foods, and they could not give it up, a recent survey reveals. Total consumption of the product climbed in...
Century Plans Product Price Hike Amid Cost Pressures
Having experienced a slight weakening in gross profit margin in this year’s first quarter, Century Pacific is looking at ways to push the figures back up, and is planning a series of product...