7/12/2013

A bacterial infection that killed off shrimp stocks in China and Vietnam beginning in 2009 has hit Thailand, threatening to decimate about 40% of the country's supply and pushing up U.S. shrimp prices about 20% in recent months. Darden Restaurants has a long-term supplier deal that runs through November and doesn't expect to raise prices, while Landry's seafood chains are sourcing from other countries, considering menu changes and may selectively raise prices, said CFO Rick Liem.

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