Exchange rates squeeze Brazil's Prime Seafood outlook

The appreciation of Brazil's real currency matters for Prime with lobster, the mainstay of the company's export business sold in US dollars.

Eduardo Lobo "This impacts heavily on our revenue and the prices we can pay to artisanal fisherman."
Eduardo Lobo "This impacts heavily on our revenue and the prices we can pay to artisanal fisherman."Photo: Brazilian Senate
Published 3 August 2023, 12:50Updated 3 August 2023, 14:46