Company ProfilesCompanies Mentioned, For more information about this report visit https://www.researchandmarkets.com/r/jvjn0s, "Frozen Fish and Seafood Market - Forecasts from 2022 to 2027", https://www.researchandmarkets.com/r/jvjn0s, Record retail theft puts pressure on Australian supermarket giants, UPDATE 1-Australia's Nitro Software recommends $360 mln Potentia offer, Defence contractors target Australia as it gears up to counter China, Asian Equities Swing Lower, Led by China Tech: Markets Wrap, Musks Tesla Master Plan Disappoints With Vague Next-Gen Detail. Currently, there are no offers. Uniontown, Alabama-based Harvest Select, one of the largest catfish producers in the U.S., is also facing a labor shortage, company president Randy Rhodes told SeafoodSource. The average price per unit across all foods and beverages was up 10.3 percent in February 2022 versus 2021 and up 16.8 percent versus February 2020, according to IRI and 210 Analytics. Sign up today and get inspiration straight to your inbox. Among the biggest price-gainers are king crab, snow crab, blue swimming crab, North Atlantic lobster, domestic scallops, Chilean sea bass, and squid, according to OBrien. Our largest reader category is seafood buyers, followed by producers, importers and exporters, then distributors. Urner Barry reports that Blue Swimming Crab should be steady next week, while Red Swimming Crab should be lower. The restaurant industry usually fares well when labor and food costs rise gradually, and attracting customers with lower prices becomes easier. All rights reserved. Beef and veal prices increased the least (5.3 percent) between 2021 and 2022 and generally declined from peak prices in November 2021. A Charlotte restaurant is feeling the impact of the seafood shortage nationwide. Yeah, I think it is.. Speaking at the opening,USDA's Under Secretary for Maine Congressman Jared Golden is calling on the National Oceanic and Atmospheric Administration (NOAA) to release more information on the recent increase in whale strandings that have been happening along the Atlantic Coast. According to itsannual survey, the National Retail Federation (NRF) found that a record 61% of consumers plan to celebrate St. Patrick's SeafoodNews.com is the most widely read seafood industry news in North America, with subscribers in over 50 countries. This week their John West canned tuna brand announced the launch of two new vegan tuna products in the Netherlands. Theres also a shortage of fishermen because many left the industry when demand at restaurants for fresh fish fell during the pandemic, according to a report by the National Oceanic and Atmospheric Administration. Labor is in tight supply these days and many of our members are feeling the pinch. Additionally, food prices climbed 7.9% for the year ending in February 2022. 1 item, theres just no way that that has any sustainability, said Farrell, whose company operates about a dozen restaurants in the Washington region. Rhodes summarized his companys message to potential employees: We are a good starting position. First a North Atlantic right whale, a critically endangered species, washed ashore in Virginia. We can expect a few things for the remainder of this year and into 2022 for king crab. Can Seafood Made of Plants Boost Interest in Food Alternatives and Reel in Consumers? In May of 2016, our cost of a 2# lobster was $16.60, but in May of 2022, our cost of a 2# lobster was $33.50 which is over a 100% increase in what may be the largest Given their aligned missions, both organizations are focused on global expansion for promoting choice in responsible seafood practices while aiming to reduce costs for certifications, audits, and other assurances. Bill Sieling, executive vice president of the Chesapeake Bay Seafood Industries Association, complained that everybodys trying to make a big deal about the supply of crabs, but he said theres an easy explanation: Theres good years and bad years., Theres no expos to be found, and theres no evil person behind this or anything, Sieling said. It's also entirely possible that 2022 is going to bring some major egg shortages, particularly and specifically in Massachusetts. // ]]>//