BERGEN, Norway -- Simon Smith, the outgoing CEO of Young's Seafood, estimates the cost of living crisis has already wiped £500 million ($614m) off UK seafood sales, speaking during the whitefish summit at the North Atlantic Seafood Forum (NASF) in Bergen, Norway.
As seafood product prices continue to increase, a further £100m could come off the market, he said, during the whitefish summit at the NASF. "So, these are big numbers."
Click below to see Smith discuss the outlook during his NASF presentation.
You can read an in-depth story on Smith's views on the overall market here, with another on his perspective on dropping cod sales in the UK available here.
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