Profitable 2022 for Portuguese Seafood Processors and Wholesalers

Year to date 2022 is shaping up to be a more profitable year for Portuguese seafood processors and wholesalers compared to the same time last year. This is mainly due to an overall increase in prices of products sold. However, most market players are concerned about the coming months and the future ahead. The fear of recession is real, the weakened exchange rate between the Euro and USD is making purchases more expensive, and the global risk of political tensions between China, Taiwan and the US cannot be disregarded. With that said, market players yearn for stability and are ready for long term deals and commitments if prices are attractive.