News Summary August 8, 2017
Today's Main Story: Weaker US Dollar Roiling Seafood Imports, Putting Pressure on Lobster, Crab and Shrimp Producers
Today's lead item from Seafood News editor John Sackton reports that after a period of dollar strength, which contributed to record seafood imports of commodities like shrimp and salmon in 2016, the dollar has reversed course. The dollar has fallen about 7% since January of this year against a composite of foreign currencies. The change in currency values could potentially have a big impact on profitability for overseas exporters to the US.
In other news, the Alaska Department of Fish and Game called for a complete ban on Chinook salmon catches throughout Southeast Alaska. Deputy commissioner of ADF&G, Charles O. Swanton, released a statement explaining that “extreme management measures are necessary to restrict harvests...
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