European canneries have been purchasing declining volumes of bigeye raw material, and in Q1 2022, hit the lowest level in five years. The 2,946 M/T in the first quarter of this year was a drop...
Tuna Trade News
Rio Mare Introduces New Tuna Pesto Range
In the new range of Rio Mare products launched in the Italian market, tuna-based pesto is the star. The brand, owned by Bolton Group announced that the sauce with tuna is available in three...
28 EU Seiners Gain 5-Year Access To Cape Verde Waters
EU-flagged vessels have been fishing in Cape Verde's waters since 2007 and the latest decison from the EU Parliament (EP) means that these boats can continue their operations in the West...
Grupo Balfegó Guarantees Traceability For Every Bluefin Piece
The Spanish firm, Grupo Balfegó, has announced that its farmed bluefin can be traced from catch to plate. Through the AuraQuantic digital platform, the customer has an overview of the...
Euro Plunges To 20-Year Low Against The Dollar
The value of the euro right now has slumped to an all-time low in 20 years against the US dollar. One euro is only worth USD 1.0197 today. The prospect of an energy crisis that could usher in...
Will SKJ1.8:BKK Price Start To Reverse?
Whole round frozen skipjack price in Bangkok has plummeted over the past month and settled at USD 1,450 per ton, and the volatile market situation is a cause for worry for many. WCPO purse...
Sajo Introduces Whole Tuna Truffle
On July 4, Sajo announced the release of its “Sajo Whole Tuna”, a new premium canned tuna line that comes in four flavors: Yellowfin, Albacore, Truffle, and Mara. The products also come with a...
Guinness World Record For Virtual Tuna Filleting In Metaverse
Yaizu is a prefecture in Japan known for Minami tuna (Southern bluefin). It is hosting a Guinness World record-holding Virtual Market (Summer) which will showcase the filleting of a tuna on...
Losses In Red Lobster Sink Thai Union Share Price
After financial analysts forecasted weaker second-quarter earnings for the Thai Union Group, the company’s shares dropped 12 percent to a one-year low yesterday. Revaluation of the firm's...
Collapse In Q1 Spanish Demand For Imported Albacore
The import of whole round frozen albacore into the EU market collapsed in the first twelve weeks of 2022 with buying from all major foreign-flagged fleets nosediving. This is not a good start...
Euro Further Weakening Against US Dollar, Parity Lurking For EU Buyers?
In June, the euro weakened further against the US dollar and has never been so close to parity is the opinion of several financial analysts. This is a real threat to the buying power of EU...
World Tuna 2022 Tentative Program Is Out
The upcoming World Tuna Conference in Bangkok promises its attendees a full three-day program around the theme -- ‘Strengthing Resilience, Adaptability, and Sustainable Growth in the Global...
Manta Skipjack Price Falls, Despite Declining Origin Catches
Deals for whole round frozen skipjack in Manta have been hitting highs for the last couple of months. Earlier, this bullish market was fueled by poor fishing in the EPO as well as firm demand...
Q1 Ecuador Tuna Exports Steadily Growing Towards USD 300 M
Ecuadorian tuna exports reached a four-year peak in both volume and value during the first quarter of 2022. The result was mainly driven by the strong EU demand and the US sourcing more canned...
USD 6 Million Paid To Trial Lawyers In Tuna Scandal Case In London
Mozambique, one of the poorest nations in the world, has spent about five million pounds (about USD 6 million) preparing documents for a “hidden debts” case in the London Commercial Court....
New TRATA TunaPocket Conquering The World
- Advertorial - Greek canning company KONVA (North Aegean Sea Canneries) is known for its top-quality tuna and innovative seafood products. It has a modern, highly-certified processing...
Yellowfin Quotas & Closures Slash Q1 WR Supply To EU Plants
EU demand for whole round frozen yellowfin declined drastically at the beginning of this year, with shipments dropping by one-third compared to last year. European processors bought 15,484 M/T...
US Demand For Canned Bonito Grows As Value Plummets
American importers increased their intake of bonito and tuna-like species during the first three months of this year. The Chinese managed to more than recover their lost market share and...
Ecuadorian Seafood Brand Gets Funded 2.5M For US Expansion
An Ecuadorian canned seafood brand has received USD 2.5 million in funding from Tradewind Finance to finance it to meet the demand from the US market. The company needed cash flow to transport...
EU Consumers’ Declining Demand For Fresh Seafood
Europeans love seafood and on average consume nearly 24 kg per capita annually. Tuna is the number one fish eaten and has remained so for years (at over three kilograms). However, this year...