Canned tuna is a $40 billion industry. But it's facing some existential threats
Publishing timestamp: 2023-11-03 08:00:01
Summary
The tuna industry, valued at $40 billion, is facing challenges such as shifting consumer preferences, market consolidation, sustainability concerns, and a price-fixing scandal. However, the industry saw increased demand during the Covid-19 pandemic. Thai Union Group, a major player in the industry, is now dealing with rising costs and existential threats such as sustainability and illegal fishing.
Sentiment: NEUTRAL
Tickers: TU-TH,
Keywords: travel, business news, united states, restaurants, climate, food trends, thai union group pcl, food and drink, breaking news: business,
Source: https://www.cnbc.com/2023/11/03/canned-tuna-industry-faces-existential-threats.html