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Old 10-21-2012, 06:39 AM   #59
Meck77
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Join Date: Sep 2002
Posts: 16,733
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BUMP!

Hope some of you listened. Food across the board could be going up between 5-20%. Restaurants are the first ones to feel the ripple effect.



BUSINESS
Drought is leading restaurants to raise prices, cut portions
POSTED: 10/21/2012 12:01:00 AM MDTBy Tiffany Hsu
Los Angeles Times
LOS ANGELES — Smokin' Jonny's BBQ opened less than a year ago, but pricey corn on the cob has already disappeared from the menu.

Rising beef prices are causing owner Jon Sekiguchi headaches as well. His Gardena, Calif., restaurant sells beef ribs only on the weekends, when customers are more willing to splurge. And he's struggling to find affordable beef sausage for his $6.95 smoked-sausage sandwich.

Scorching weather this past summer in the Midwest left crops parched and livestock famished. Restaurants, already struggling with high fuel costs and a sluggish economy, are starting to feel the pinch of higher food costs.

"It's a tough one," Sekiguchi sighed. "I didn't want to sell corn for $3 when I used to charge $1.50. And it used to be better quality, too."


Continued

http://www.denverpost.com/business/c...s-cut-portions



http://investorplace.com/2012/10/dro...spike-in-2013/

Last edited by Meck77; 10-21-2012 at 06:45 AM..
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