Gulf Spill Expected to Impact Seafood Prices

It's feared that the explosion and fire of an oil rig off the coast of Louisiana, which released oil into the Gulf of Mexico, will damage the economy, specifically the seafood industry.

Prices could soon go up on shrimp, oysters and fish, according to officials at two Meridian restaurants.

"Right now our production is still good. Prices are maintaining somewhat," said Charles Frazier, general manager of Crescent City Grill. "We've seen a slight increase in shrimp, 10% which is pretty high. A slight increase in oysters as well."

"Hopefully we can compromise some way to get our shrimp from somewhere, and oysters, but my distributor already told me, 'it's going to go up', but I don't know how much it's going up," said Tommy Pham, owner of Seafood and Chicken Express.

"Sure it's been the topic of conversation. A lot of people asking what's going to happen.' The problem is that a lot of restaurants in the south are hoarding it and putting it in the freezer and that's jacking the price up a little bit," Frazier said.

As for Crescent City Grill, Frazier says the good news is that more than half of its seafood comes from areas that were west of the spill and were not affected. He said this could help keep down costs.

"I don't know which way my business is going to go. I'm hoping. Something's got to give," said Pham. "Something's got to change."

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  • by Michelle Location: Meridian on May 5, 2010 at 12:50 PM
    Pray that those in charge,pray they will stop the leak.Pray for those familes that lost their love ones.So Sadd!Pray for the habitat in ocean,and everyone connected.
  • by Guy South of I-20 on May 5, 2010 at 10:34 AM
    I heard there was a new fishing boat captain. I believe his last name is Obvious.
  • by Wellspring of Knowlege Location: Lauderdale County on May 4, 2010 at 08:43 PM
    Ummmm, .... one point of order to the story...... Realizing the onset of a potential disaster and mitigating your business losses by immediately picking up the phone and ordering in more product IS NOT HOARDING. It's called "BEING PREPARED". Those without the forethought or motivation to do what it takes to survive a disaster do NOT have the right to demand the stores or preparations of others, nor does their whining and ecuses make up for their own shortsightedness. I am sure those who have more than they need will be glad to SELL any overages to those who didn't procure their own in a timely fashion. This "welfare mentality" had got to go. It's destroying our Nation.
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