In W27 in the tuna landscape, the global canned tuna market is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030, primarily driven by the launch of new canned tuna product lines. Meanwhile, the National Aquaculture and Fisheries Commission in Mexico stated that capture or extraction of tuna, white and brown bass, snail, scallop, and oyster are prohibited during the closed season from July 29. This measure aims to protect marine resources and ensure their sustainable management. The tuna fishery holds immense significance as it contributes to a significant volume of catches, financial gains, food production, employment opportunities, and overall commercial activity, leading to local and national economic prosperity. The capture of tuna in waters under federal jurisdiction on the Pacific Ocean coast will be prohibited from 00:00 hours on July 29, until 24 hours on October 8, and an alternative period will be in force from November 9, 2023, until January 19, 2024. Lastly, the local tuna suppliers in India are shifting to harvest Cephalopoda products like cuttlefish and squid, due to low demand and challenges from rising US dollar exchange rates, reduced export demand, and increasing prices of raw materials. The local suppliers are adapting their strategies and exploring innovative solutions to sustain their businesses in the changing market landscape.
