Exchange rate impacts on seafood exporters

The Fish Site
by The Fish Site
12 April 2007, at 1:00am

AUSTRALIA - The Australian dollar's 17-year high is hurting Tasmanian seafood exporters.

This dollar is trading above 82 US cents, pushing up the cost of Australian exports.

Though the Chinese abalone market is not badly affected, Adrain Cuthbertson from Seafood Traders says they are starting to see resistance from live abalone buyers in Taiwan, the US and Japan.

"They'll look for alternatives outside of Australian product where it's a little bit cheaper," he said.

"With live abalone they'd be looking at farmed abalone from Chile.

Source: ABC News