Nashville-Davidson

Limited availability, high demand send seafood prices skyrocketing – Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee 2021-07-30 05:53:27 –

Los Angeles (NewsNation Now) — Limited availability and inflation in seafood prices means that consumers see much less to order or buy in many restaurants and markets.

For example, at Captain Kidd’s Fish Market and Restaurant in Redondo Beach, California, lobsters cost $ 67 per pound. Lobster rolls on the restaurant menu are up about $ 5.

Restaurants everywhere are affected by a combination of factors such as labor shortages, logistics problems and the high desire of American consumers for fresh and frozen seafood.

Seafood prices have risen by more than 17% last year. The biggest increase was for items such as crabs, halibut and lobster, up 36.5%. The cost of both crabs and halibut has risen by more than 28%.

Not everyone is participating in the price increase.

“I haven’t bought $ 30.99 [halibut].. I’ll do $ 24 and probably get two pieces. That’s about $ 50. And I would be like, “Well, I ate just $ 50 a fish,” said customer April Absher.

Another factor is international demand, especially in China, which is reducing US supply. The average fish price in China has risen by 20%.

Limited availability, high demand send seafood prices skyrocketing Source link Limited availability, high demand send seafood prices skyrocketing

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