Executives at Brazilian seafood processor Frescatto fear fallout from the coronavirus health crisis will halve the company's sales this year following the collapse in foodservice business.
Rio de Janeiro-based Frescatto gets around 80 percent of its annual revenue from sales to restaurants, bars, cafes, hotels and shopping mall eateries.
The remainder comes from retailers in stores across Brazil.
Before the pandemic became a day-to-day reality for businesses the company was forecasting a 7 percent rise in revenue to BRL 650 million (€110.3
