US - Mark Platt, 52, of Boca Raton, Florida; Shifco, Inc., of Hialeah, Florida; and Northern Fisheries, Ltd., of Rhode Island, were sentenced last week based on their earlier pleas to conspiring to mislabel seafood, in violation of the Lacey Act.
The sentences follow an investigation conducted by US Immigration and Customs Enforcement's (ICE) Homeland Security Investigations (HSI), National Oceanic and Atmospheric Administration and the Florida Department of Agriculture and Consumer Services.
Mr Platt was sentenced to three years' probation, six months in home confinement with electronic monitoring, and restrictions on working in the food and seafood industries. Further, Platt was required to complete 100 hours of community service, including writing an article describing his conduct in the case and assisting in teaching the seafood industry about regulations and requirements. Northern Fisheries was sentenced to two years in probation, a $3,500 fine and $400 special assessment. Shifco was sentenced to one year probation on each count of conviction, to run concurrently, and a $1,600 special assessment.
From January through February 2010, Platt, Shifco and Northern Fisheries engaged in a scheme through which Platt oversaw the false repackaging and labeling of 1,500 pounds of frozen chum Salmon fillets. The fillets, which were product of China, were re-labeled as being chum Salmon fillets of Russia. In addition, Platt and Shifco pleaded guilty to a scheme to re-label more than a million pounds of less marketable shrimp from Thailand, Malaysia, and Indonesia, as being from Panama, Ecuador, and Honduras. The shrimp had an estimated retail value of between $250,000 and $1,000,000.
The mislabelling of foods such as fish and shrimp is prohibited by the Lacey Act and the Food Drug and Cosmetic Act (FDCA). The Lacey Act, in pertinent part, makes it unlawful for a person to falsely identify any fish which has been, or is intended to be, imported, sold, purchased, or received from any foreign country or transported in interstate or foreign commerce. The FDCA, in pertinent part, prohibits the alteration or removal of the whole or any part of the labeling of food, if such act is done while such article is held for sale after shipment in interstate commerce.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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