US seafood trade imbalance continues to grow in 2024
The total value of US seafood exports was 16% of the total value of US seafood imports during the first half of 2024, down from the 20% ratio seen in 2023
IATTC approves 50% quota increase in eastern Pacific bluefin tuna
The IATTC has agreed to lift Mexico's bluefin tuna catch limits from 6,973t to 10,763t for 2025 and 2026, with the US quota rising from 1,017t to1,822t
UCN’s seafood pricing data portal now at 2,800 sets with daily Japan, UK additions
Recent daily pricing additions from a huge wholesale market in Japan, as well as to two key UK fresh auctions, have taken UCN's industry-leading portal past 2,800 data points.
Japan’s Sojitz targets 210% seafood business profit growth to $27m
The Japanese conglomerate intends to lift its seafood business net income to JPY 4bn within three years
Just under half of global tuna stocks now meet MSC overfishing standard
The latest report from the ISSF shows that 11 of the 23 major commercial tuna stocks are maintaining stock biomass levels, up from eight last year
High-grade bigeye tuna prices hit nine-month low in Japan
June wholesale prices of frozen bigeye tuna, caught in the eastern Pacific Ocean, fell to JPY 999/kg at Tokyo Toyosu Market, below JPY 1,000 for the first time since last November
South Korea’s overseas fishery registers 41% growth in Jan-May tuna catch
The East Asian country's overseas fishery caught 222,943t through January-May 2024, a 38% increase y-o-y, largely due to bumper harvests of tuna and squid
South Korea’s Sajo plans to hit $7.2bn revenue via M&A
Through two recent large-scale deals, the South Korean giant aims to become the third-largest food group in the country this year, then reach KRW 10tr in five years
Dongwon adds two new purse seiners to tuna fleet at cost of $73m
The South Korean giant has added two new 2,000t purse seiners to its fleet with an investment of around KRW 100bn
Infofish Tuna 2024: New canneries for Maldives, Oman; Ecuadorian canneries, software provider test ‘transformative potential’ of AI in tuna processing
Undercurrent News is reporting live from the World Tuna Trade Conference & Exhibition, held in Bangkok, Thailand, from May 20-22