Petersburg Pilot -

Fish Factor:  The US dollar has dropped in value all year against a basket of other global currencies

 

August 24, 2017



While that may sound like a bad thing, it’s great news for Alaska seafood and anyone doing business overseas.

“It’s a good thing for Alaska seafood producers because roughly two-thirds of the value of our seafood comes from export markets. So when our currency is less valuable, the prices are not as high for foreign buyers,” said Andy Wink, senior fisheries economist with the McDowell Group.

It’s a turn-around for a strong dollar that has for several years made Alaska seafood very pricey for prime customers of Japan, Europe and the UK.  Now they will be inclined to buy more for...



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