After increasing for several weeks, the Bangkok skipjack price now remains steady from earlier in the month, as there is little trading activity in the Thai capital. Many cold storage...
Tuna Trade News
Canned Tuna With Alcohol, A New Niche Market?
An innovative addition to the canned tuna segment is about to hit the European market, as a new gourmet tuna product with alcohol will be introduced in Portugal this summer – the first ever...
Can Thai Canners Accelerate Egyptian Market Recovery?
While there has been some increase in both volume and value, Thai canners have a long way to go before they fully recover a sharp loss in business suffered with buyers in Egypt last year. The...
“Robust” Sales & Pricing Push Century’s Profit Back Up
After suffering a dip in 2017, Century Pacific’s profit has climbed back up, as the firm announces a solid increase for this year’s first quarter. The leading Philippine tuna canner believes...
Vietnam’s Canners Expect Further Boost In German Market
After gaining market share last year, tuna canners in Vietnam are expecting to further increase shipments to Germany through 2018, and have already seen a strong first few months. As a whole...
Program Ready For Tuna2018: Sustainability Central In Bangkok
The agenda for the world’s largest tuna conference in Bangkok is now ready, and the three day event of Tuna2018 will offer a packed program. Everything from FIPs, FADs and labor standards are...
Dongwon Shares Strongly Outperform Korean Stock Index
Bullish growth has been seen in Dongwon’s stock market value over recent weeks, gaining USD 151 million since late March. Most analysts are betting the company’s listed shares will continue to...
Have Thai Canners Seen The Bottom Of US Export Decline?
Last year marked a significant turning point for Thai canners in their biggest market, the US, as they upped shipments for the first time in years. In the first quarter of 2018, strong...
TU Buys Large Share In Russia’s No.1 Tuna Canner
Thai Union has purchased a 45 percent stake in the holding company owning Russia’s largest canned tuna processor, believing the opportunities for further growth and development of this firm...
Thai Union Suffers Substantial Profit Drop
Amid challenging market conditions, Thai Union has revealed its first quarter profit declined by 39.3 percent YoY, with higher priced raw materials, a decline in tuna sales, and a stronger...
Lion Capital Seeks Exit From Tuna Price Fixing Case
Lion Capital, the UK private equity owner of Bumble Bee Foods, has asked a California district judge to “let it out of a multidistrict litigation” over alleged price fixing of shelf-stable...
Industry Gears Up For Bangkok-Meet This Month
The world’s biggest gathering of tuna professionals is taking place already this month. The Tuna 2018 Conference in Bangkok will have sustainability as its main focus, with experts from all...
Another $100 Hike On Bangkok SKJ Price
A further significant increase has been seen in the Bangkok whole round skipjack market, with the latest deals concluded at USD 100 per ton higher than last month. For the first time in weeks,...
Will Thai Union Recover From Its Weakened Stock Market Value?
Since the beginning of 2018, Thai Union has seen its stock market value drop by around 15 percent or USD 420 million. With the firm expecting to hit record sales this year and a Thai market...
“Many Millions Of Dollars” Involved In Latest Price Fixing Complaint
Associated Wholesale Grocers Inc. (AWG) is the latest plaintiff to file a civil complaint against the US Big 3 canned tuna brands and their parent companies, accusing them of price fixing for...
Wild Planet “Underfilling” Checks Arrive With Consumers
Those that filed a claim as part of the Wild Planet tuna “underfilling” settlement have started receiving checks in the mail, Top Class Actions reports. The US firm was accused of underfilling...
Sainsbury’s Exec: We Need To Improve On Sustainability
A top executive at Sainsbury’s, the UK’s second largest food retailer, admits the supermarket chain has a lot of work to do before it achieves full sustainability within its seafood range....
Sainsbury’s & Walmart’s Asda Strike Major Merger Deal
The UK’s second largest food retailer, Sainsbury’s, has inked a major merger with Walmart-owned supermarket chain Asda, in which Sainsbury’s will control the majority share of the combined...
Ecuador Secures Duty Free Tuna Trade With EFTA
The Ecuadorian government has officially secured a free trade agreement (FTA) with the EFTA nations, with tuna products included in the deal. While no major shift is expected in terms of tuna...
Lower EPO Catch Causes Slight Manta SKJ Price Rise
Slow supply reaching Manta from EPO operating purse seiners has caused a slight increase in the average whole round skipjack CFR price in the region, which has risen by around USD 50 per ton...