October 15, 2012
U.S. supermarket seafood sales and volume rose this
summer, according to new data from fresh food consulting firm
Sales of all fresh seafood items rose 7.8 percent while volume jumped
8.9 percent for the 13 weeks ending 28 August, compared to the same
three months last year.
The average retail price of all seafood
items fell 1 percent to USD 6.06 per pound, which may have helped spur
the sales increase, according to Steve Lutz, Perishables Group executive
VP. “I am sure it did help. There has been fairly significant price
inflation across the proteins, particularly for beef. They have been hit
with the drought and cost of feed input,” Lutz said.
for the major species were particularly significant. The average retail
price for salmon, which makes up around 8 percent of total grocery
seafood department sales, fell 7.9 percent. The average retail price for
tilapia dropped 8.2 percent during the 13 weeks, while the average
lobster retail price plummeted 15.1 percent and prices on all crabs
dropped 10.5 percent.
There was a glut of New England lobsters
this summer, which sent wholesale and retail prices plummeting. As a
result, lobsters realized the highest volume increase in the quarter
with a 35.2 percent spike, while dollar sales grew by 14.8 percent.
of the top-selling seafood categories had strong volume and sales
increases for the quarter. For example, salmon volume spiked 23.4
percent while salmon dollar sales rose 13.7 percent. Tilapia volume rose
by 21.1 percent and dollar sales grew 11.2 percent. Shrimp volume rose
9.1 percent and dollar sales increased 11.1 percent.
Read the full story on Seafood Source