Higher ingredient costs will continue to plague restaurant operators in 2023, forcing them to streamline menus, according to several foodservice industry experts.
Their overall outlook for seafood on U.S. restaurant menus in 2023 is mixed, even as restaurant chains start out the new year with new seafood offerings.
“We expect seafood to continue to have a relatively flat operator penetration rate of change on restaurant menus over the next
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Most Norwegian salmon-farming firms have cut back on their infrastructure investments due to uncertainties caused by the introduction of a federal 40 percent tax proposal on aquaculture operations, but Indre Kvarøy, Norway-based Kvarøy Arctic is moving ahead with several multimillion-dollar projects.
1814 Salmon, a new company formed by Kvarøy, Fram Seafood, and investment firm Nyhamn, is building a NOK 100 million (USD
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Rich Products will continue to focus on growing sales in its consumer products division, which includes the SeaPak and Morey’s brands, after selling its Morey’s seafood distribution business.
In late December, Rich Products closed on a transaction to sell the distribution component of its Morey’s business – including its facility in Plymouth, Minnesota, U.S.A., – to Eddie M’s, a company led by Jordan Mazzetta,
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Inflation has impacted Canadians’ grocery and restaurant spending over the past year, and is not expected to abate soon. A recent report predicts a 5 to 7 percent increase in overall food prices in 2023.
In Canada's Food Price Report 2023, experts from Dalhousie University, the University of Guelph, the University of Saskatchewan, and the University of British Columbia predict Canadian families will spend up to CAD
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Seafood sales declined in December 2022 in the U.S., even with a boost from holiday-season splurging and a drop in inflation.
Fresh seafood sales through U.S. retail channels reached USD 522 million (EUR 486 million) in December, including a jump in sales from USD 103 million (EUR 96 million) during the first week of December to USD 181 million (USD 168 million) the week of 25 December, according to new data from IRI and 210 Analytics. However,
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Recognizing Britons’ continuing concerns about inflation, U.K. grocers are slashing prices on staple seafood products.
Rising inflation continued to impact U.K. seafood sales in December, which dropped despite being typically higher for the Christmas holiday. The overall chilled fish category in the U.K. realized a 1.3 percent drop in sales in the quarter ending in December 2022 compared to the same quarter in 2021, according to data
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As part of promised efforts to aid domestic wild shrimp suppliers, the U.S. Department of Agriculture is purchasing nearly USD 23.7 million (EUR 22 million) worth of shrimp.
This fall, U.S. Representative Garret Graves (R-Louisiana) announced the USDA planned to purchase USD 25 million (EUR 23.6 million) worth of Gulf of Mexico and South Atlantic wild shrimp.
Graves said the purchases will provide relief to Louisiana’s
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San Antonio, Texas, U.S.A.-based H-E-B was named America’s most-trusted retailer of fresh seafood in the fith annual BrandSpark American Grocery Trust Study.
The companies making the list of most-trusted seafood retailers have each deepened their focus recently on seafood sustainability issues and strengthened their commitments to traceability and transparency in recent years.
“As inflation continues to hit
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The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service is partnering with the Columbia River Inter-Tribal Fish Commission (CRITFC) to promote locally grown and processed foods, including salmon.
Under the Local Food Purchase Assistance Cooperative Agreement Program (LFPA). CRITFC and its four member tribes will seek to purchase and distribute locally grown, produced, and processed food from underserved producers, USDA
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Deli foodservice holds opportunities for seafood suppliers as U.S grocery stores report higher sales and demand for the items.
Supermarket foodservice has become more popular as cost-conscious shoppers cut back on eating at restaurants, according to FMI-The Food Industry Association's latest Power of Foodservice at Retail 2022 report.
The report found 25 percent of Americans are purchasing more grocery foodservice than
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