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1% year-on-year to $8.
51 per unit, an increase of 10.
9% month-on-month
.
Higher prices caused fresh seafood sales to fall 10.
4% to $505 million in March, with fresh shellfish sales down 27.
8%
.
Sales of crab, lobster, tilapia and catfish saw the biggest declines in March at 34%, 27%, 21.
6% and 16.
4% respectively
.
4% to $505 million in March, with fresh shellfish sales down 27.
8%
.
Sales of crab, lobster, tilapia and catfish saw the biggest declines in March at 34%, 27%, 21.
6% and 16.
4% respectively
.
Anne-Marie Roerink, head of the 210 analysis agency, said sanctions against Russia would have a direct impact on the prices of crab, cod and Alaska pollock
.
.
Sales of frozen seafood outpaced fresh products in March , rising 1.
1% to $605 million, while sales of canned seafood also rose 9.
2% to $222 million
.
1% to $605 million, while sales of canned seafood also rose 9.
2% to $222 million
.
During inflationary times like these, frozen and canned seafood has two advantages over fresh categories, the biggest of which is shelf life.
Fresh seafood needs to be eaten or frozen within a few days of purchase, while frozen and canned seafood There is little risk of waste
.
Fresh seafood needs to be eaten or frozen within a few days of purchase, while frozen and canned seafood There is little risk of waste
.
The survey found that many consumers believe that frozen food is cheaper than fresh food
.
In some cases this is true, in others there really isn't much of a difference, and more importantly, the unit price of frozen and canned food is better, which highlights the price advantage
.
.
In some cases this is true, in others there really isn't much of a difference, and more importantly, the unit price of frozen and canned food is better, which highlights the price advantage
.
Inflation isn't just affecting seafood prices, with the unit price of all food and beverages in supermarkets, clubs, hypermarkets, supercenters, pharmacy and military stores rising by an average of 10.
3% in March, according to IRI and 210 Analytics
.
3% in March, according to IRI and 210 Analytics
.
The analysis said that inflation has hit a 40-year high, and consumers are very aware of this
.
Inflation has a far greater impact on national food spending than the Covid-19 pandemic
.
.
Inflation has a far greater impact on national food spending than the Covid-19 pandemic
.
According to the FMI survey, the majority (86% of respondents) are concerned that rising food prices are changing their buying behavior, including finding discounts, including discount stores or coupons (59%), switching to alternatives or changing products (58%) %), changing where or how you buy food (48%) or buying more store-owned brands (35%)
.
.
