With losses recorded in canned tuna exports to the US, and reports that buying activity from the market is lifeless, it seems that Latin American nations, some in particular, could be the new...
Tuna Trade News
Indonesian Canners See Struggling Start To 2017 EU Business
Although the government wants to boost tuna exports to major international markets like the EU, Indonesian processors witnessed a significant drop in their shipments to European buyers in the...
Spanish Firm Gets €200,000 Pay Out For Damaged Tuna
Spanish company Atunlo is getting paid nearly EUR 209,000 (USD 244,960) from its insurer after a batch of Mauritius-sent tuna was discovered to be damaged upon arrival in Spain. The firm sued...
Egypt’s Currency Crisis Causes Thai Export Crash
A currency crisis in Egypt has dramatically reduced the buying power of the nation’s importers, causing Thai canned tuna shipments to the market to drastically drop. In the first half of this...
New Tuna Market Player Posts Strong Profits
A net profit rise of over 71 percent has been posted by a new entrant to the canned tuna market. Alicorp, owner of Peruvian consumer oil brand, Primor, which launched four canned tuna...
BKK Skipjack Price Steady As Buyers Hold Back
Canners aren’t queuing up for skipjack raw material in Bangkok, and in fact, trading is extremely slow to non-existent, causing the market to stagnate. As has been the case since late June,...
StarKist Faces Accusations Of Trademark Infringement
A complaint filed in the US District Court of Massachusetts alleges that leading canned tuna company, StarKist Co., has conducted trademark infringement in relation to a range of Bella...
Civil Cases Delayed Further As DOJ Investigates Criminal Price-Fixing
The US government has once again requested to put civil lawsuits filed by retailers, consumers and others, on hold, as it continues to build up its criminal case into tuna price-fixing...
Bolton Exec: Italian Tuna Market Growth Is Imminent
Having already strengthened significantly, the demand for canned tuna on the Italian market has good potential to grow even stronger, according to Bolton Alimentari’s International Marketing...
Dongwon & StarKist Want Pre-2011 Conspiracy Claims Dismissed
StarKist and its parent firm, Dongwon Industries, are continuing to work to have any pre-2011 allegations of conspiracy against them dismissed in court, when it comes to a pile of civil cases...
Big Brazilian Brand Gears Up For October IPO
Camil Alimentos, owner of Brazil’s second biggest tuna brand, Coqueiro, is preparing to be listed on the stock exchange, planning to make an Initial Public Offering (IPO) in October this year....
DOJ Defends Major Reduction On Bumble Bee Fine
When pleading guilty to conspiring to fix prices of shelf-stable tuna on the US market in May, Bumble Bee agreed to pay a criminal fine of USD 25 million. The Department of Justice (DOJ) is...
Alliance Select Slices Share Value In Half
As part of an equity restructuring program aimed at wiping out its current deficit, Philippine tuna canner, Alliance Select Foods International, is cutting the par value (face value) of its...
Spanish Canners Forced To Accept Lower EU Prices
After struggling in the EU market earlier in the year, Spanish canners are increasing their canned tuna exports to other member states again, with stronger demand in Italy playing a...
Possible Strategic Sale Of Bumble Bee’s Clover Leaf Brand
As market rumors circulate that UK private equity firm, Lion Capital, is looking to sell off the Canadian tuna operations of Bumble Bee Foods, one industry source tells Atuna that such a deal...
The Asian Nation Making Serious Gains In US Market
A larger US market share has been commanded by tuna canners in Vietnam, which have upped their shipments to the nation considerably, at a time when other major US suppliers have seen their...
Investors Less Confident In TU’s New Reforms
The loud applause given to TU’s “game-changing” tuna supply chain reforms, at the hands of a strong Greenpeace campaign, is not continued with investors, and the firm’s share price has dropped...
Sharp Drop In UK Imports
Sales reports on the UK market have shown almost continuous decline in terms of the retail canned tuna segment in recent years, and imports by buyers in the country are reflecting the same...
Several Executive Changes For TU’s Chicken Of The Sea
As part of a relocation of offices, Thai Union’s North American Division, namely Chicken of the Sea, will see a number of new executives joining its ranks, to manage one of the leading US...
Phil Canners Giving Up On US Market For EU?
It seems as though the US market is becoming even less attractive for Philippine tuna canners, after processors previously stated that their focus was on other export destinations, like the...