Top Story: Shrimp prices have soared 60% year over year says the BLS - for more than any other protein
While beef and pork price increases have been greater than many seafood items as expected this year, shrimp prices are another story. According to the BLS producer prices, shrimp have soared 60% year over year, dwarfing the price increase in any other protein. We have yet to see the full consumer reaction.
The Wall St. Journal gives a good roundup of the factors keeping seafood consumption from rising in the US, from high costs to lack of marketing to the overall fragmentation of the industry into many different species and regional sectors. That makes it hard to do marketing campaigns. On the other hand, the seafood nutrition partnership is hoping to succeed with a universal health message.
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