US dockworkers across major ports from Maine to Texas, who have been on strike since last October, will fully resume operations after the International Longshoremen’s Association (ILA) and...
Tuna Trade News
MSC’s Annual Ocean Cookbook Is Out With Three Tuna Recipes
The Marine Stewardship Council (MSC) Ocean Cookbook 2025 was released last week. This free digital cookbook is a collection of recipes featuring MSC-certified seafood curated by chef and...
New Entity JBT Marel Corporation Begins Business
US-based JBT Corporation has completed its settlement of the voluntary takeover of Icelandic Marel. Going forward, the organizations will be trading as JBT Marel Corporation. Both companies...
World Wise Foods Net Profit Rose With Massive Climb In UK Sales
UK World Wise Foods Limited, the solely pole-and-line tuna products trading company, experienced a high turnover and net profit for the financial year March 2023 to March 2024. The group...
French Buyers Paid The Highest Value For Yellowfin First Sales
The first sales value of yellowfin in Spain and Portugal increased, but France dropped from January to September 2024 compared to the year before. However, French buyers paid the most for...
Will EU-Thailand FTA Talks Suffer From Reformed Thai Fisheries Act?
Thailand’s 2015 Fisheries Act is close to being amended which European tuna organizations say will lower the standards on labor rights in processing companies and weaken combating IUU fishing....
Anfaco Warns Why Reformed Thai Fisheries Act Could Allow IUU Tuna To Enter EU Market
Thailand’s House of Representatives approved a major package of amendments to the country’s 2015 Fisheries Act on December 25. The country’s Senate has yet to ratify the reforms. Spanish...
Chicken Of The Sea Steps Into 2025 With Launch Of Two New Products
Chicken of the Sea launched two new products this week in collaboration with the US seasoning companies Old Bay and McCormick. Wild Caught Light Tuna Packet with Old Bay Seasoning and Wild...
Dongwon’s New Executives For 2025 Take Office
South Korean Dongwon Group recently announced the appointment of several new top executives for 2025. Park Moon-seo who was the CEO of the holding company has been chosen as the Vice-Chairman...
First Bluefin Raises Record Amount At Toyosu Auction
The traditional first bluefin auction on January 5 began early in the morning and the 276-kg fish caught off the coast of Oma in Aomori Prefecture was sold for JPY 207 million (USD1.32...
China Reaped Benefits In Pre-Cooked Loins Trade With EU Canners In Q3 2024
EU canners’ demand for frozen pre-cooked loins rose in the first nine months of 2024. Chinese processors' business thrived during this period. Usually, they sell their products in Q1 when...
Maldivian Economy Impacted From Poor Tuna Sector’s Performance
The purchase of pole-and-line tuna by domestic processors declined by 44.9 percent up to November in 2024 according to the latest Maldives Monetary Authority (MMA) report. The consequences for...
EU Canned Tuna Imports Continued On Downward Path In Q3
EU canned tuna imports in the first nine months of 2024 fell slightly compared to the year before. Products from both non-EU and European processors dropped, mainly Ecuadorian tuna business...
Year In Review
2024 is coming to a close and what a year it has been for the global tuna industry. The Red Sea Crisis pushed freight prices to the peak in April hindering canned tuna trade but the delayed...
Financial Analysts Predict Dongwon F&B’s Fate For 2025
Korean-based Hyundai Securities stated last week that Dongwon F&B, which produces tuna products for the national market, would face difficulties in domestic growth. Despite this, Hyundai...
Bearish EUR Against USD Impacts Tuna Trade
The parity of the euro and the US dollar came to a close on Wednesday when the greenback strengthened against the euro. This is no good news for EU retailers and brands that purchase their...
President-Elect Trump Throws Weight Behind US Dockworkers
US President-elect Donald Trump has backed US dockworkers’ anti-automation stance. The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) employer group...
Manta Skipjack Price Stable As Year Ends
There has been minimal movement in the price of frozen whole-round skipjack traded in the Manta processing hub. Veda reduced supply while demand from processors also fell as the year comes to...
Vietnamese Processors Disappointed As Business Dropped In November
Vietnam was expecting exponential growth in its tuna exports as 2024 comes to a close. But business in November was disappointing for the Asian nation’s tuna producers. Export sales value for...
CEIPA’s Director On Ecuador Tuna Processing Sector Being Stronger Than Ever in 2024
The Ecuadorian tuna sector is a behemoth and this year has proven to be triumph for it with a massive increase in exports. Monica Maldonado, Executive Director of the Ecuadorian Chamber of...