Colombian officials have lashed out against a US court decision to
fine banana firm Chiquita for making payments to paramilitary
groups in the country, saying victims of these groups should
receive the money instead.
Banana prices are showing signs of stabilizing, with the
announcement today by leading global banana supplier Chiquita that
the recent price increases in North America and Europe have slowed
and even reversed.
Leading banana supplier Chiquita has reported a $3m loss for its
first quarter, hit by increased industry costs, unfavorable pricing
and an exit from unprofitable business in Chile.
Senior management executives of banana firm Chiquita may face
extradition to Colombia to face criminal charges after the company
recently pleaded guilty to funding terrorist groups in the country.
Fruit supplier Chiquita has said its banana prices have continued
to rise globally, an announcement that comes in the midst of the
firm's terrorist funding scandal.
Banana and fruit supplier Chiquita said yesterday that it would
plead guilty to doing business with a terrorist group, resulting in
the company forking out a $25m fine.
Fruit supplier Chiquita has again raised its banana prices in North
America, a move that has helped the company offset a slump in sales
after the implementation of new EU banana import rules, as well as
the recent spinach E. coli...
Banana firm Chiquita has announced a number of organizational
changes and new appointments in the latest move designed to
strengthen its flagging business, hit in the past year by new EU
banana import rules.
Fruit supplier Chiquita is embarking on a number of debt-reducing
initiatives, including the sale of its shipping fleet, as the firm
struggles to find its feet after new EU banana import rules hacked
at its profits.
Banana supplier Chiquita has reported a sharp fall in profits after
new European tariffs on bananas forced the company to slash its
prices in the region and increase its prices in North America in an
attempt to offset losses.
