While demand for seafood is high, inflated costs are proving too pricey for some restaurants
Rising inflation costs have walloped restaurateurs, forcing many to raise prices or scale back on offerings. For some restaurants, that’s meant pulling plates of scallops, crab, lobster, and fish as business owners say pandemic-driven price hikes and shortages have left them little room to make a profit. Bloomberg reports that congested ports and labor shortages have caused big delays and higher seafood prices. On average, U.S. fishermen are older than 40, and Covid-related disruptions caused many to leave the industry for fields like construction. Seafood prices have risen 11 percent since July 2020, while demand has skyrocketed. One Georgia restaurant owner said he paid an Atlanta seafood distributor $18 for a pound of blue crab before the pandemic; now it would cost him $44. Not an ideal catch.