The rate of grocery inflation in the U.K. continued to fall in June, but retailers are still urging suppliers to lower prices so consumers, fatigued by 15 months of overall inflation hovering just under a hefty 10 percent, can start to realize some savings.
After a two-month review into “historically high levels” of food inflation, the Competition and Markets Authority (CMA) said on 19 July that high food prices are not the fault of
… Read MoreSeattle, Washington, U.S.A.-based cruise ship corporation Holland America Line has recently unveiled new Alaskan seafood-themed dishes as part of its expanded Alaska Up Close program.
Holland America has a longstanding commitment to serving local seafood, and it said its Alaska Up Close program allows guests to become “deeply immersed in the local culture with informative onboard programming, sea-to-table dining, and award-winning
… Read MoreSales of fresh, frozen, and ambient seafood in U.S. retail stores all decreased in June in spite of prices for the first two categories dropping in the period.
Fresh seafood sales fell 2.8 percent to USD 624 million (EUR 555 million) in June. Frozen seafood sales fell harder, dropping 5.3 percent to USD 627 million (EUR 558 million), according to Circana data provided by Lakeland, Florida, U.S.A.-based 210 Analytics
The decrease in sales comes
… Read MoreOn 18 July, Thai Union unveiled a multi-pronged plan backed by a THB 6.9 billion (USD 200 million, EUR 178 million) investment aiming to ensure 100 percent of the company’s seafood comes from responsible sources by 2030.
SeaChange 2030 represents the company’s most extensive sustainability initiative to date, spanning 11 overarching objectives. It has the support of the Sustainable Fisheries Partnership, the Aquaculture Stewardship
… Read MoreInflation and other economic headwinds are continuing to impact the U.S. grocery industry, but overall, products like seafood are in a good position to navigate the challenges in the marketplace, according to executives from FMI – The Food Industry Association.
In a 12 July webinar, FMI executives reviewed findings from the organization’s new report, “The Food Retailing Industry Speaks 2023,” which included survey
… Read MoreWhen the Covid-19 pandemic hit in early 2020 and restaurants began to close, Biloxi Freezing and Processing, a Gulf of Mexico shrimp wholesaler and processor operating out of Biloxi, Mississippi, U.S.A., was suddenly stuck with a warehouse full of shrimp and no one to sell it to.
Prior to the pandemic, Biloxi Freezing and Processing ran one of the largest wholesaling operations of Gulf shrimp, supplying private-label and branded products to
… Read MoreMany U.S. restaurants are taking advantage of recently declining crab and plateauing lobster prices by featuring them on summer menus.
Wholesale crab prices have dropped in recent months, encouraging retail and restaurant buyers to promote it this summer, which in turn has led to higher sales. Frozen crab sales spiked 41.9 percent in May 2023 compared to the same month last year, and fresh crab sales jumped 15.4 percent, according to research
… Read MoreNew summer deals from Red Lobster, Long John Silver’s, and other restaurant chains aim to boost sales of shrimp, which has experienced sluggish demand in the U.S.
“Stable” pricing has been favorable for U.S. retail and foodservice buyers, but despite that, U.S. shrimp imports are down more than 50,000 metric tons in 2023 due to “soft” demand, according to Eric Bloom, president of Teaneck, New Jersey, U.S.A.-based
… Read MoreU.S. restaurant operators expect higher sales and traffic this summer, and seafood restaurant chains are likely to benefit as a result, though they’ll likely have to offer specials and discounts to lure deal-hunting customers in for a meal.
Over the past year, inflation-ravaged consumers in the U.S. shifted to preparing food at home instead of eating out to save money. But that trend could be shifting, with nearly 60 percent of restaurant
… Read MoreWalmart is updating is seafood sourcing policy to require tuna suppliers to source exclusively from vessels that have 100 percent observer monitoring – either electronic or human observer – by 2027.
The Bentonville, Arkansas, U.S.A.-based operator of more than 10,500 stores globally, including nearly 4,700 Walmart stores and nearly 600 Sam’s Club stores in the U.S., said tuna suppliers must also source from fisheries using
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