Month: June 2011

Grape Commission Supports "Eat Local, Buy California Grown Day"

June 29, 2011 The California Table Grape Commission

California’s fresh grape industry joined representatives of other California agriculture products to support a recently passed “Eat Local, Buy California Grown Day” resolution that calls for Californians to choose meals made exclusively from California-grown ingredients at least one day a week. The resolution, part of the California Grown campaign, unanimously passed in the State Assembly three weeks ago and passed through the State Senate last week. …

Responsibly Sourced Pacific Common Thresher Shark From Santa Monica Seafood

June 28, 2011 Staff Reporter, Santa Monica Seafood

When shark fishing makes the news these days, it’s generally negative. Shark finning, especially in California, has a lot of people up in arms lately, and rightly so. It’s a deplorable practice that has a negative impact on shark populations world wide. We want to make it clear that we don’t support shark finning anywhere in the world. Shark finning is illegal in the US thanks to the Shark Conservation Act 2010 and the Shark Finning Act of 2009. Shark fishing, however, is 100% legal, and we want to make clear that we support commercial fishermen who are using targeted fishing techniques to carefully harvest from populations of shark that the National Oceanic and Atmospheric Administration lists as “above target levels”. …

Ocean Choice International Receives Another MSC Certification

June 28, 2011 Ocean Choice International

Ocean Choice International (OCI), as a member of the Canadian Association of Prawn Producers, has received official notice that the Canadian offshore northern shrimp (Pandalus borealis) and striped shrimp (Pandalus montagui) fishery has completed the certification process and has been awarded the Marine Stewardship Council (MSC) certification for sustainably managed fisheries. …

Research Project To Test Viability Of Raising Atlantic Salmon On Land

June 28, 2011 Sabrina Doyle, Telegraph-Jounal

The Atlantic Salmon Federation and the Conservation Fund are joining forces in a research project that will try to rear salmon in a freshwater closed-containment system. …

Pilgrim's Pride Announces Agreement With Bank Group To Amend Loan Covenants

June 28, 2011 Pilgrim's Pride Corporation

The amendment suspends the existing fixed-charge coverage covenant and the senior secured debt covenant until the fourth quarter of fiscal 2012. The amendment also sets certain financial covenant levels at terms more favorable to the company. Following the suspension period, the financial covenants will be calculated under amended terms of the credit facility. In addition, JBS USA Holdings, the majority equity holder in Pilgrim's, has agreed to provide a $50 million subordinated loan in support of the company. …