The Cordova Times - Wild ride for seafood ahead in 2014
For exporters a strong dollar weakens overseas sales by raising relative cost of exports
by John Sackton - for the Cordova Times
With the expected growth of the US economy, and continued weakness in many other parts of the world, 2014 looks to be a rough year for seafood traders whose fortunes are tied to foreign currencies. For importers, a strong dollar is positive, and helps moderate prices. For exporters, the strong dollar weakens overseas sales by raising the relative cost of exports, and with more products sold at home, also moderates prices.
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