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Concerns mount over rising US seafood prices

July 23, 2021 — Rising seafood prices due to inflation continue to cause concern among the entire industry, including retail and foodservice buyers.

Frozen seafood prices experienced the biggest gain in the second quarter of this year – up 9.2 percent versus the same quarter in 2019 to USD 6.96 (EUR 5.95) per pound on average in U.S. grocery stores and mass retailers, according to IRI and 210 Analytics. Frozen prices also grew 3.2 percent in the quarter versus 2020.

Read the full story at Seafood Source

Restaurants struggling in the US despite government aid

May 10, 2021 — Increased funding by the United States government for the struggling restaurant industry has begun to help, but many restaurants are continuing to struggle both financially and with labor shortages.

The latest seafood restaurant bankruptcy filings include The Lost Cajun Enterprises, the franchising arm of The Lost Cajun; The Crabcake Factory in Ocean City, Maryland; and Casa Bonita in Denver, Colorado.

Read the full story at Seafood Source

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