The Winding Glass: Seafood Inflation May Be Less Than Meets the Eye
In the past couple of weeks, several news stories have highlighted the difficulty some restaurants are having coping with higher seafood prices.
“Very few products are not going up in price,” Santa Monica Seafood President and CEO Roger O’Brien told SeafoodSource last month.
The price inflation in the distributor, processor, and foodservice operator’s sales to foodservice customers alone was a “whopping 29 percent” in June, O’Brien said.
This surge was a result of a perfect storm hitting the industry all at once.
First, seafood demand has continued to be strong at retail, so retailers have continued with expanded seafood programs.
Secondly, restaurants have been inundated with more customers than staff can handle as it appeared...
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