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
Japan proposes 130% increase in Pacific bluefin tuna catch limit
Japan's Fisheries Agency has proposed lifting the western Pacific bluefin tuna catch limit by 131% for large fish and 30% for small sizes
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
Japanese seafood output hit another record low in 2023
After reaching a peak of 12.8m metric tons in 1984, the output from the country's fishing and aquaculture industries has declined and continues to ease
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
Dongwon officially enters era of ‘second generation’ management
A new era for the South Korean giant kicks off as the Fair Trade Commission approves the application to change the company's 'same person' to chair Kim Nam-Jung
Japan’s yen drops to 34-year low against dollar, further hurting purchasing power in global market
The Japanese yen briefly dropped to a 34-year low against the US dollar, and hit an all-time low against the euro on April 29, sending the country's buyers to struggle with their purchase of seafood products from overseas
Japanese tuna longliner runs aground in NZ
Japanese tuna longliner Chokyu Maru No.68 ran aground in New Zealand’s Hauraki Gulf, before being safely refloated into the port of Auckland
Sashimi-grade frozen bigeye prices continue to fall in Japan on limited cold storage capacity
Wholesale prices of frozen bigeye tuna dropped 16% m-o-m to JPY 1,033/kg in March at the Tokyo Toyosu Market due to larger amounts flown from the limited cold storages
In charts: Decades-long fall in sales at world’s largest seafood wholesale market
An exclusive analysis by Undercurrent News shows that seafood sales at the Tokyo Central Wholesale Market in Japan have plummeted by 57% in volume over the past two decades