EU demand for frozen whole round albacore declined in H1 2026 but remained well above 2022-2024 levels while prices edged higher during the period. Major suppliers lost business this year,...
Tuna Trade News
EU Sets Key Criteria As Thailand FTA Talks Accelerate
EU-Thailand Free Trade Agreement (FTA) talks are advancing in Phuket, with the EU offering greater market access for canned tuna tied to fish caught by EU fleets, an unprecedented condition...
Major Global Highlights September 2026
The skipjack raw material price in all key processing hubs continued its upward trajectory. The US, in a shocking move, attacked and sank an Ecuadorian purse seiner, alleging it was used for...
MIFCO CEO Says Balancing Firm Viability, Fishermen’s Income Is Key Challenge
The Maldives Industrial Fisheries Company (MIFCO) is facing challenges in 2026, said Mohamed Anas, CEO of the company since May. Finding a workable commercial model within the reality is one...
China Expands Role In EU Yellowfin Supply
The intake of frozen whole round yellowfin by EU processors declined in H1 this year. However, the share of smaller suppliers expanded by 47 percent. Chinese traders enlarged their business...
Marfrío Turns Tuna Processing Adventure Into Profit
Spanish tuna and seafood processor Marfrío increased its sales in 2025 and posted a modest profit. After turbulent years and finalizing its alliance with Atunlo following its bankruptcy, the...
Tuna Companies Gear Up For SIAL Paris 2026
SIAL 2026, the biennial international food trade show in Paris, is approching on October 17, where several tuna companies are set to showcase their products. The event is expected to bring...
Ecuadorian WR Yellowfin Influx To EU Puts Pressure On Prices
Increased imports of Ecuadorian frozen whole round yellowfin has forced the average price down, while demand declined in the EU market with stricter safety rules playing a role. European tuna...
EU-Thailand Pact Could Upend EU canners, Galica Warns
The European Commission announced a tenth negotiation round for the free trade agreement with Thailand that began today in the Asian country and could be the final one. This prompted the...
MIFCO CEO Says Yellowfin Buying Strategy Gains Traction
MIFCO’s decision to start buying yellowfin from Maldivian fishers last year has received a positive response from fishermen who have long called for the company to purchase the species....
Portugal Weighs Zero Percent VAT On Canned Tuna
Portugal is considering removing value-added tax (VAT) for canned tuna and other staple foods for six months to ease cost concerns for its citizens. But Finance Minister Joaquim Miranda...
Thai Union Earnings Forecast Downgraded As Cost Pressures Climb
JPMorgan, a US investment brokerage, has downgraded Thai Union Group to an “Underweight” rating due to slowing earnings momentum and diminishing profit growth expectations. The tuna company's...
MIFCO CEO Says Sustainability Keeps Maldives Tuna Competitive
Mohamed Anas, the new CEO of Maldives Industrial Fisheries Company (MIFCO), said the Maldives’ pole-and-line tuna fishery and its sustainability credentials remain key drivers of the country’s...
NFI Takes On New Identity As National Seafood Association
The US National Fisheries Institute (NFI) will now operate as the National Seafood Association, representing major seafood businesses, including tuna companies, while advocating on tariffs,...
Gabon Renews Talks With EU For Tuna Fisheries Deal
More than a year after Gabon decided to end its nearly-two decade fisheries partnership with the EU, the African nation’s officials have reopened talks with the bloc. Both parties will aim for...
Frozen Whole Round Tuna Flow Into Europe Slows
EU imports of frozen whole round tuna fell 20 percent in H1 2026 as several major suppliers lost business amid high inventories, softer demand, weaker catches, and delays tied to the EU CATCH...
Thai Union CEO Chansiri Honored With Lifetime Achievement Award
Thiraphong Chansiri, CEO of Thai Union, received the Global Seafood Alliance’s Wallace R. Stevens Lifetime Achievement Award for three decades of leadership that helped build Thai Union into...
Captain Fresh Reports Massive Jump In Revenue
Global packaged seafood company Captain Fresh announced that its consolidated turnover increased by 52 percent in financial year 2026. It also reported profit remained positive before tax for...
Will Thailand Secure Canned Tuna Deal With EU?
EU–Thailand FTA talks resumed in 2023 after nearly a decade-long pause, and EU tuna processors fear canned tuna could be included, potentially disrupting their operations and hurting their...
EU & Philippines Edge Closer To Trade Deal: What It Means For Tuna Business
The EU and the Philippines have reached a substantial agreement in their free trade negotiations, deepening their ties. The deal will liberalize over 94 percent of tariff lines between them....