Tuna producers up to something fishy as they face conspiracy allegations

Executives of the most popular tuna brands in the U.S. — Chicken of the Sea, Bumble Bee and StarKist — conspired regularly to keep prices high for consumers with a taste for one of America’s favourite sandwich ingredients, according to criminal and civil court records updated this week. A typical can of tuna today costs about $1.50 and the U.S. Department of Justice says that price may be the result of price fixing by Thai, South Korean and U.S. seafood dealers, while major retailers are suing alleging they’ve been ripped off. The U.S. government began investigating criminal price fixing between the three companies more than two years ago. Together the companies supply about 80 per cent of the $1.7 billion of canned tuna sold annually in the United States, according to the court records. Following up, Walmart and other top retailers filed civil lawsuits. Click here to read the story 17:14