On June 15, Thai Union repurchased 2,100,000 of its shares at a total amount of THB 25.28 million (USD 813,314), which equals 0.044 percent of the paid-up capital. Thai Union got a ‘bargain’...
Tuna Trade News
Seychelles Wants 3-Year Contribution Discount From IOTC Due To COVID-19
Seychelles, one of the richest African countries and a vital player in the Indian Ocean tuna industry, has asked the IOTC to forego half of the nation's annual contribution to the RFMO, citing...
Greece’s Growing Demand For Thai Tuna
The market for canned tuna imports in Greece took a big jump in 2019 and positioned itself at the highest point in the last five years. This resulted from a boost in the demand for Thai...
Can EU Processors Survive Without ATQ Chinese Pre-Cooked Loins?
Most autonomous EU tariff quotas (ATQs) within the economic bloc are only valid until the end of this year. Soon, the European Council will have to agree on a new regulation for the period...
SKJ1.8:BKK Under Pressure In Unclear Market
Due to the coronavirus situation, it has been unusually difficult to attain reliable skipjack price and market information from sources these past few weeks. But the latest word out of the...
New China International Tuna Exchange Center Opens In Shanghai
In order to enrich China's marine industry, the China International Tuna Exchange has opened its doors in Shanghai. It is located at the Hengsha Fishing Port of Changxing Island in the Chinese...
Walmart Leaving Options Fully Open For The Big Three
Early this week, the world's largest retailer Walmart revealed that it is committed to source tuna for its private-label Great Value from MSC certified or Fishery Improvement Projects (FIP)...
Tuna Buyers Ask Court To Reject Big Three’s Appeal To Pause Lawsuit
Several groups of tuna buyers have urged the Ninth Circuit to reject tuna companies’ plea to pause a canned multidistrict tuna price-fixing case while they appeal class certification. They say...
Tuna – World’s Most Consumed Fish
The latest report by the UN shows that tuna is the world’s most consumed and the second most wild caught fish in the world. The State of Fisheries and Aquaculture (SOFIA) 2020 study by the...
Philippines Conquers Polish Tuna Market
Poland’s canned tuna market – largely flakes -- last year experienced a modest increase after its buyers shifted significant business volumes away from re-exporting nations Netherlands and...
Swiss Authorities Also Investigate Mozambican Tuna Loans Scandal
The case of the Mozambican tuna loans has expanded further as the Swiss Office of the Attorney General (OAG) announced that it has opened an investigation regarding the matter. The scandal...
Vietnam’s National Assembly Approves Deal With EU
On June 8, over 94 percent of the National Assembly of Vietnam voted in favor of the EU-Vietnam Free Trade Agreement (EVFTA). The deal will enter into force in July -- 30 days after a mutual...
Mercadona To Buy Thousands Of Loins From ISSF Responsible Fishery
Spanish retailer, Mercadona, has said that is planning on increasing its purchase of skipjack loins by five percent from Galician supplier Jealsa-Rianxeira, harvested from responsibly managed...
US Big Three Fear “Being Pecked To Death By Ducks” In Lawsuits
The US Big Three has filed an emergency motion asking the Ninth Circuit to halt some district proceedings until its appeal for class certification is resolved. The tuna companies claimed that...
Lischewski’s Sentencing To Set Precedent For Meat Price-Fixing Cases
The upcoming sentencing for Chris Lischewski, former CEO of Bumble Bee, may set the precedent on other antitrust cases against chief executives in the meat industry that the US Department of...
Global Tuna Imports Growing Faster Than Population
The world's market for imports of pre-cooked loins and canned tuna has massively grown in the last five years. During this period, the trading of this fish's commodities reached its pinnacle...
Dutch And German Re-Exporters Dominate Austrian Market
Businesses for imported product in the Austrian canned tuna sector declined in 2019, right after it had peaked the previous year. The volatility of the Dutch re-exporters’ deliveries is the...
Final Round: Lischewski Fights DOJ’s Bid For 10-Year Sentence
In a final push against public prosecutors’ call for former CEO of Bumble Bee, Chris Lischewski, to serve 10 years in prison for price-fixing shelf-stable tuna, defense urged a California...
“Perfect Storm” Hits Global Yellowfin Prices
The drop in foodservice demand due to the global pandemic and a significant increase in yellowfin catches in the WCPO have led to a “perfect storm” in prices for this tuna across global...
US State Files Civil Lawsuit Against Tuna Companies & Lischewski
A new civil lawsuit denouncing the conspiracy to increase prices of canned tuna in the US has been filed. This time, the State of Washington is going after StarKist, Dongwon, and Bumble Bee’s...