Avoiding oversupply Delegates at this week's Tuna Conference in Taiwan underlined their determination to maintain price levels which are needed to keeping fleets in profit. The WTPO (World Tuna Purse-sieners Organisation) consisting of all major fishing companies from Spain, Italy, Taiwan, Korea and Japan are working on allocations to ensure there is no repeat of the oversupply which caused a price crash two years ago. Current levels of $720/metric tonne are just above the limit line, whereas levels as low as $400 were reported after the crash. UK prices are steady but retailers are still featuring multipacks as regular consumer attractions, which some importers feel may blunt the promotional impact. {{CANNED GOODS }}

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