No progress reported on efforts to reverse Indonesia’s 30% export escrow requirement
It remains unclear whether the rule, which was published in mid-July, is currently in effect or under a 90-day review period that would cause it to take effect on Nov. 1
US shrimp, crab, tuna importers sweat Indonesia’s new 30% escrow rule
The new rule was published in mid-July with an effective date of Aug. 1, though there is some question as to whether it's now in effect or under a 90-day review period
Yellowfin price drop continues amid strong Indian Ocean catches
The prices for yellowfin tuna raw material delivered to Southern Europe are dropping fast as catches have been good, ex-vessel prices in Indian and Atlantic oceans also down
Late Albacora founder’s grandchildren take reins at $800m tuna group
Two of the grandchildren of the late Inaki Latxaga have taken over as top executives of Spain's Grupo Albacora, one of the largest tuna companies in the world
Valsecchi: Tuna canners face challenging times amid retail pricing gap
European tuna canneries are currently navigating difficult terrain with retailers opposed to further price increases, says sector veteran Adolfo Valsecchi
Maldives’ Big Fish to launch -60°C tuna product at new factory
The company has announced the launch of an ultra-low temperature, -60°C tuna product, which it claims to be 'groundbreaking'
Mitsubishi puts Princes sale ‘on a break’ until September after low bids
Mitsubishi will re-start the sale process of its UK-based Princes operation after the summer as bids came in lower than its valuation, sources familiar with the situation told Undercurrent
US ag spending bills would stoke mercury controversy, crackdown on shrimp, ease some catfish inspections
It's unusual to find many provisions of concern to seafood in US ag spending legislation, but there are quite a few in bills making their way through Congress
Yellowfin tuna prices for EU drop amid stronger supply
Yellowfin tuna prices for delivery to Europe for canning in June corrected downwards, driven by stronger catches and weaker demand from Italian canneries
Mexican firms hope to resume tuna exports to EU by July
Mexican tuna firms are hopeful they will be able to resume tuna exports to the EU by July this year, but challenges remain after the trade was suspended in November