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Shrimp Prices Soar

April 16, 2014, 11:00 AM by Angela Kennecke

Shrimp Prices Soar

The next time you order shrimp scampi of the menu, you may be in for sticker shock.  The price of shrimp has jumped to a 14-year-high after a bacterial disease has killed off young shrimp farmed in Southeast Asia.

In March, shrimp prices jumped 61 percent from a year earlier, according to the U.S. Bureau of Labor Statistics.

U.S. consumption has reached nearly four pounds per person, doubling in the last 30 years. Many restaurants are raising the price of their shrimp dishes because of their increased costs.

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