Economy Depresses Seafood Prices

Seafood departments, always accustomed to volatile price swings, may be facing an unusual year in 2009, due primarily to lower demand from the restaurant industry. According to a recent report by Packaged Facts, about 70% of seafood consumed in the U.S. is eaten in restaurants, and fine-dining and casual restaurants have been hit hard by the current recession. With fewer people eating out,

NEW YORK — Seafood departments, always accustomed to volatile price swings, may be facing an unusual year in 2009, due primarily to lower demand from the restaurant industry.

According to a recent report by Packaged Facts, about 70% of seafood consumed in the U.S. is eaten in restaurants, and fine-dining and casual restaurants have been hit hard by the current recession. With fewer people eating out, supplies are up and prices are down for several species, including haddock and

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