Brazilian seafood exporter Prime Seafood expects sales to fall this year as the company grapples with tough trading conditions.
Last year, the company achieved its goal of hoisting sales from $50 million (€48 million) in 2020 to $75 million (€72 million) in 2021, but executives at the Recife, Brazil-based company expect revenue to come in at around $70 million (€67 million) this year, a nearly 7 percent decline.
The company's lower expectations come as consumers are cutting back on seafood purchases in the United States, one of the company's main export markets as the cost of living crisis, fueled by spiraling energy costs, bites.
