12th World Tuna Trade Conference: Sustainable tuna fishing

(vasep.com.vn) 12th World Tuna Trade Conference and Exhibition was held at Bangkok, Thailand in three days May 23rd – 25th 2012.

More than 600 participants from sixty countries and territories in the world, representatives from international organizations and relevant agencies, tuna exporters, companies and organizations providing various goods and services to the tuna industry attended the event. The event was officiated by the Minister of Agriculture and Cooperatives of Thailand, Mr. Theera Wongsamut.

The main goal of 2012 tuna conference is to call upon international community to turn towards sustainable fishing with an aim to conserve tuna stocks, avoid deteriorating tuna resources due to method of excessive tuna fishing in many regions in the world.

The participants in the conference heard and discussed many issues related to world tuna industry. The follows are some outstanding issues of the conference:

 - Catching tuna in the most environmentally friendly way, eco-label for tuna and developing techniques of tuna fishing and processing.

 - Conserving tuna stocks by sustainable method of tuna fishing.

 - Establishing more rational regulations on fishing, processing, and trading tuna.

 - Discussing challenges in tuna trade in the wake of dwindling tuna resources, increasing tuna demand and price.

 - Discussing cooperation among tuna stock management organizations, non-government organizations, tuna processors and exporters and consuming markets in tuna trade sector.

According to participants, the conference created a good chance for stakeholders in the tuna industry to share and exchange information, promote products as well as expand long-lasting business relations. Through evaluation reports on key markets of tuna sector, tuna exporters joining in the conference will have an overview of tuna import. Accordingly, exporters can access to more information of tuna market trends, tuna production and export.

Once again, Thailand is chosen as the venue of the conference. The tuna industry is an important economic sector in Thailand, creat jobs and foreign exchange for the country. In 2012, the country makes effort to speed up tuna exports to offset for the decline in tuna export value in 2011.

However, Thai tuna exports are coping with huge obstacles such as soaring price of raw tuna due to declining tuna catches caused by tighter international restrictions, conservation measures which are being applied in the region and in the world. The cost and freight (CFR) price of skipjack raw material in Bangkok had increased from US$918 per MT in 2006 to around US$1,800 - 2,025 per MT last year, Mr. Theera Wongsamut spoke at the conference.

It is expected that Thailand tuna exports would rebound this year, but this largely depends on raw tuna. As much as 85 percent of tuna raw material for local production is imported. Apart from the declining tuna stocks, limits on the number of tuna ships and pirate attacks have dampened the global tuna industry’s prospects even as global demand keeps rising.

According to the Thai Frozen Products Association (TFPA), the Thai canned tuna industry is expected to import more pre-cooked tuna loins for canning and reexporting. To offset the declining demand in the traditional markets like the U.S. and EU, Thai canners are aggressively diversifying their markets by exporting to as many countries as possible particularly to emerging markets like the Middle East, North Africa, Latin America and Africa. Exports to these new markets has increased tremendously in recent years.


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SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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