President Trump is reported to be preparing for the US to withdraw from a Free Trade Agreement (FTA) with South Korea, a major tuna catching nation, and such an exit is said to be likely to...
Tuna Trade News
Bumble Bee & StarKist Both Replace Price Fixing Legal Teams
Both Bumble Bee and StarKist have replaced the firms that are representing them in the snowballing price fixing case regarding the US canned tuna market. In what’s described as a shake-up of...
More Japanese Choosing Beef Over Fresh Tuna Sashimi
Sashimi and other types of fresh tuna have long been the most popular forms of the fish in one of the biggest tuna consuming nations in the world; Japan. Now however, buyers in the country are...
Tuna Surge Pushes Spanish Exports To Decade High
A steep climb in tuna trade has been a major driver in the overall canned seafood shipments from Spanish exporters reaching a decade high this year, both in volume and value. In the first half...
Ecuador’s Canners Battle Back Into EU Market
After significant slumps earlier on, canners in Ecuador have fought themselves back into the EU market, making notable year on year gains in the first half of 2017. A modest yet solid four...
EU Canned Imports Recover & Hit 3 Year High
European canned tuna buyers have upped their purchases of canned tuna considerably in 2017’s first half, taking the total to the highest seen in the last three years, and Spanish canners have...
Bolton Profit Gets Firm Push From Spanish Brands
Having a growing stake in the Spanish canned tuna market has pushed Italian Bolton Group’s profits up almost 10 percent for full year 2016, the firm has announced. In April 2015, Bolton...
More Civil Price Fixing Suits Pile On Big 3
Three new civil lawsuits have been filed that accuse the Big 3 canned tuna brands of colluding to fix the prices of their products for over a decade, adding to the large number of cases now...
Thai Canners Still Struggling In EU Market
Processors in Thailand are struggling to reach the EU market at the same pace that has been seen in the past, with a significant slump in the volume of canned tuna sent to the bloc so far this...
Court Denies Industry Challenge On US Fraud & Traceability Rule
A federal court has upheld the US government’s Seafood Import Monitoring Program (SIMP), introduced to ensure traceability of fisheries products entering the US market and to stamp out fraud...
Canned Tuna Imports Rise Amid Shifting Japanese Taste
Although canned tuna is still not the most popular tuna product in Japan, the taste for it does appear to be rising, reflected in a boost in imports by buyers in the nation. It’s been reported...
Tuna Exports Give Strong Push To Vietnam’s Seafood Business
Seafood exports from Vietnam are expected to see substantial growth in the rest of this year, largely thanks to a boost in tuna shipments. However, while there is firm optimism from the...
Bangkok Price Breaks Through Resistance Barrier
After weeks of staying steady, there has been a sharp rise in the Bangkok skipjack market, and the movement is said to come in reaction to an upward spike in EPO prices. The elevation takes...
Investor Confidence In Dongwon’s Shares Sinks To Year Low
After a period of riding high, Dongwon Industries’ share price has slumped significantly, hitting a one year low, and is far underperforming the South Korean index. With the company caught up...
Thai Canners Lose $75m In One Major Market
A currency crisis in Egypt has seen the country’s tuna imports drop dramatically, and this has resulted in Thai canners losing USD 75 million in sales with this market in the first seven...
Bangkok Skipjack Price Staying Put?
Having stayed at the same level since mid-June, the Bangkok whole round skipjack price is showing no signs yet of moving off this mark. Despite supply to the Thai capital being notably short,...
Concern Over Tuna Served In China
DNA samples have revealed that a chunk of the tuna served in restaurants in China is Southern bluefin, findings that are causing concern due to the vulnerable status of the fish. More...
Bumble Bee Inks Deal For $850m Financing
Bumble Bee Foods has announced that it is refinancing 100 percent of its debt, a deal inked on the heels of agreeing to pay a multi-million dollar criminal fine as part of a plea deal in the...
EU: PNG Exports Fall Short Despite Given Preferences
At a time when a new PNG government is being installed, the EU has identified that the country’s tuna exports to the bloc can be strongly enhanced with the right reinforcement, and states that...
US Ensures Indonesia’s Tuna Meets New Import Standards
The US government is joining up with Indonesian efforts to reduce IUU fishing and to implement a new electronic regional catch documentation and traceability (CDT) system in the nation’s...