Salmon farming companies settle class-action lawsuit alleging global price-fixing scheme

December 3, 2023 Canada, International, International News

Seven companies accused of conspiring to manipulate the global price of salmon have agreed to pay a total of more than $5 million Cdn to settle a class-action lawsuit. Some of the largest players in the salmon farming industry in Newfoundland and Labrador, including Mowi and Grieg, were among the companies involved. The lawsuit claimed Cermaq Canada, Grieg Seafood, Lerøy Seafood AS, Marine Harvest Atlantic Canada, Mowi ASA, Nova Sea AS and Sjór AS conspired to manipulate the Norwegian spot market for salmon prices and in doing so influence global salmon prices. more, >>click to read<< 08:33

Cermaq Canada, conspired to manipulate, global price-fixing scheme, Grieg Seafood, influence global salmon prices, Lerøy Seafood AS, Marine Harvest Atlantic Canada, Mowi ASA, Newfoundland and Labrador, Nova Sea AS, Salmon farming companies, salmon farming industry, settle class-action lawsuit, Seven companies, Sjór AS

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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