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."


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTOK-TV 815 23rd Ave Meridian, Ms. 39301 Phone: (601) 693-1441
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 92833549 - wtok.com/a?a=92833549
Gray Television, Inc.