Thai Union Sees Sales Growth Of 10.3% in FY 2022
Seafood giant Thai Union Group PCL has reported 10.3% year-on-year growth in sales, to THB 155.6 billion (€4.2 billion), in its full year 2022.
The company attributed this growth to a solid performance in its pet care and ambient seafood businesses.
Gross profit for the full financial year grew 5.8% to THB 27.2 billion (€740 million), while net profit dropped by 10.9% to THB 7.1 billion (€190 million).
The John West maker delivered a half-year dividend of THB 0.44 per share, bringing its full-year dividend to THB 0.84 per share. Continue reading here(Source: European Supermarket Magazine).
End of the Tuna FAD? Indonesia Hopes So, But EU Isn’t Giving Up Yet
JAKARTA — The Indonesian government has welcomed a recent decision by fisheries regulators to curtail the use of controversial fish-aggregating devices, or FADs, which critics blame for a steep decline in Indian Ocean tuna stocks.
“Indonesia has the same concern with most of the coastal states in the Indian Ocean,” Ridwan Mulyana, the director of fish resources management at the fisheries ministry told Mongabay in an interview. Continue reading here(Source: Mongabay).
FAD Ban Supports Firm West African Tuna Prices
Average prices for skipjack and yellowfin caught and landed in West Africa gained support in January, as the seasonal ban on fish aggregating devices (FADs) for commercial fishing vessels came into effect on 1st January 2023. At €1.46/kg and €2.68/kg respectively, the prices for whole round skipjack, and whole round yellowfin, landed in Abidjan, Cote d’Ivoire, both rose by €0.03/kg (+2.1% and +1.1%) month-on-month (m-o-m) in January. The FAD ban, enforced by the International Commission for the Conservation of Atlantic Tuna (ICCAT) is being implemented for the fourth consecutive year, and is in place until 13th March 2023. The temporary suspension of FAD usage restricts catch volumes, as skipjack and juvenile yellowfin are less inclined to congregate in static locations, thus limiting catches by large purse seine vessels. Continue reading here (Source: Mintec).
Seychelles Votes Against IOTC Ban on FADs, Citing Economic Concerns
Seychelles voted against a proposal for the implementation of one of the Indian Ocean Tuna Commission’s (IOTC) latest adoptions of fish aggregating devices as the decision made was not science-based and is influenced by commercial interest.
During the Sixth Special Session of the IOTC from February 3-5, a proposal calling for a 72-day ban on fish aggregating devices (FADs) each year was approved through the use of secret ballot voting. The ban is expected to take effect between July 1 to September 11 in 2024.
Continue reading here (Source: Seychelles News Agency).
Tuna Association Appeals For Decrease in Fuel Prices for Fishing Vessels
The Ghana Tuna Association (GTA) has called on the government to support fishing vessel operations by ensuring that they get fuel at a reduced price compared to what is on the market.
Mr Frank Aihoon, the GTA President, in an interview with the Ghana News Agency in Tema said tuna vessels were in dire need of support as the cost of operation was too high.
Mr Aihoon said the fuel should be made a little cheaper for them just as it pertained in some other countries, stressing that for instance that whereas, Senegal sells fuel at USD$800 per metric to vessels, those in Ghana, buy theirs at about USD$1,200 which he described as too costly. Continue reading here (Source: Business Ghana).
