Top executives at New Jersey-based shrimp importer Eastern Fish, and Philadelphia’s family-owned importer Samuels and Son Seafood Co, said the weak dollar is squeezing the buying power of U.S. importers against competing purchasers -- particularly those from European and Asian markets on a stronger economic footing.
“I think for the U.S. market the most devastating single issue has been the weak dollar,” Eric Bloom, president of Eastern Fish told IntraFish. “It’s a killer. Our net cost increases and when you then factor in the strength of currencies like the Euro or the Yen, it challenges U.S.
