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An international agreement has raised the catch quota for large Pacific bluefin tuna by 25% for 2027 and 2028. This move, primarily driven by Japan, aims to meet market demand while reducing the need for fishers to discard catches.
A sushi entrepreneur from Japan, who goes by the moniker “The Tuna King”, set a new record when he purchased a colossal bluefin tuna for an unprecedented 510.3 million yen (approximately US$3.25 million) at an auction held on Monday. Record-Breaking Purchase…
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), tuna exports are projected to reach US$456.8 millio in the first half of 2024, a 20% year-on-year increase. After decreasing in 2023, exports rose by 22% in the first five months…
Tuna exports rose to US$87 million in August, the highest for the year though 5% down year-on-year, according to the Vietnam Association of Seafood Exporters and Producers. VASEP said there were some changes in the export patterns in August. After declining…
According to the Vietnam Association of Seafood Exporters and Producers, tuna exports to South Korea rose by 2.5 times year-on-year to over US$7 million in the first seven months. Tuna Vietnam, Nha Trang Bay and Phat Trien Seafood were the three biggest…
The Vietnam Association of Seafood Exporters and Producers (VASEP) forecast tuna export orders will increase sharply in the last months of the year due to decreasing inventories in major export markets. VASEP said the stockpiled quantity of tuna in the U.S.,…
Tuna exports to the U.K. tripled year-on-year in the first two months even as shipments to some main markets like the U.S. and E.U. plunged. Exports to the U.K. were worth US$1.3 million, enabled by a 13-fold rise in February, according to the Vietnam…
Despite a sharp fall in exports before the end of 2022 due to global inflation, tuna still brought home US$1 billion in revenue last year, up 34% from 2021, becoming a billion-dollar commodity for the first time, data showed. Tuna products of Vietnam were…
Tuna exports in the first six months were worth US$553 million, a 56 percent rise year-on-year, according to data from the Vietnam Association of Seafood Exporters and Producers. Exports to the U.S. all but doubled thanks to higher demand, especially for…
Vietnam surpassed Thailand in the first half of this year to become the biggest exporter of tuna to Israel. It accounted for 31 percent of Israel’s imports while that country became Vietnam’s third largest market behind the U.S. and Italy. Israel bought less…
Vietnam exported $74 million worth of tuna in April, a 50 percent year-on-year surge, with the U.S. and E.U. buying more. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), tuna exports to the U.S. saw the highest growth with a…
Vietnam’s tuna exports declined by 9.8 percent in 2020 due to the impact of the Covid-19 pandemic, and are showing no signs of recovery. Analysts point to two reasons for the continuing slump: the unpredictability surrounding the pandemic and intense…
Thai and Filipino tuna exporters have accessed the market tariff-free for years. Vietnam’s tuna exports to Japan have steadily declined since 2013 due to exceptionally high tariffs, according to the Vietnam Association of Seafood Exporters and Producers…
Jordanian investor Iyad Al Shorafa expressed his interest in purchasing class C tuna from Gorontalo, at the amount of 25 tons per day. Al Shorafa is a member of the Middle East trade delegation participating in the Indonesian international trade promotional…
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