to break even. right. exactly. we re all going have to pay for that pandemic one by the at a time. he said the price of food like lobster has doubled from $21 a pound to more than $36. a 35-pound jug of frying oil from $25 to $36. his labor costs up 30%. just as people are going out to eat, inflation is rising at the fastest pace in 13 years. supply shortages and higher gas prices driving up the cost on everything from rubber gloves to food delivery. delivery costs, insurance, rent. those are all going up and i don t think that we ll see a relief from any of these costs any time soon for restaurants. to save on your next meal out, check your credit card for special deals and look at the menu ahead of time to know what you ll pay. let s dig deeper and bring in gabriel stullman, he is a new york city restauranteur and ceo of happy cooking hospitality. what a year this has been.
correspondent stephanie ruhle has more. reporter: at the blue water cafe, customers are thrilled to be back. happy again. i think it s, you know it s okay. reporter: even though the owners raised prices by 10%, to make up for the increased wages. if you didn t increase your prices at all, would you lose money? i would break even. you re working way too hard to break even. absolutely. we have to pay for the pandemic a little bite at a time. reporter: he said that the price of lobster has increased. a jug of frying oil from $20 to $36 and the labor costs are up 30%. people are going out inflation is rising at the fastest pace in nearly 13 years. supply shortages and higher gas prices are driving up the costs on everything from rubber gloves
bluewater cafe on the jersey shore, customers are thrilled to be back we just want to be happy again. if it costs a little bit more, it s okay. reporter: even though the owner raised prices by 10% to make up for increased cost of supplies and wages if you didn t raise your prices at all, would you lose money would break even. i would say. and working way too hard to break even. exactly we all have to pay for the pandemic, a little bite, one bite at a time. reporter: he says the price of food like lobster nearly doubled from $21 a pound to more than 36 a 35-pound jug of oi from $20 to up to 36 35 pound jug of frying oil. just as people are going out to eat, inflation is rising at the fastest pace in 13 years. supply shortages and higher gas price driving up the cost of rubber gloves to food delivery. delivery costs, insurance, rent, those are all going up
(FGV) has set its sights on expanding its downstream segment through value-added offerings to the Asia-Pacific region with more new plant-based industrial products.
It said on Wednesday its subsidiary, Delima Oil Products Sdn Bhd’s (DOPSB) is introducing three products under the Premeo brand animal fat replacer, dairy fat replacer and frying oil.
FGV said these products are specially formulated as healthier plant-based alternative fats for food and dessert manufacturers, as well as for industrial use such as heavy-duty deep frying for quick service restaurants.
The introduction of the new Premeo product range is in line with FGV’s endeavour to meet the growing demand for genuine high-quality plant-based fats and oils, in countries such as South Korea and Japan, especially in the frozen food and desserts sectors.
game actually. new york city the state of california and many other places banned transfat in restaurants years ago so wendy s took it out of their frying oil and so did mcdonald s and other big chains. the grocery store, that s a different story. in the grocery store, you can find pies that have transfats and margarine, cookies, biscuits, and one of the biggest culprits of all? microwave popcorn. transfat won t come out of the food immediately. the fda has yet to set a definite timetable. elizabeth, cnn, reporting. i worry about everything that replaces the transfat. i say everything in moderation. i guess but you never know. you never know. a lot of people have obesity problems. this whole cholesterol issue, clogged arteries, right? yes. he agreed with me. i love it. let s go to burger king and get some fries.