The price of Mexican seafood has soared since a severe drought began in 2015, according to a new report from the U.S. government.
The USDA, which has been monitoring prices, said the price of shrimp, lobster, mackerel and shrimp, tuna and other seafoods increased by an average of 6.7 percent over the last five years.
The price of a pound of fresh lobster has increased more than 6,000 percent in the last decade, and the price per pound of lobster rose more than 4,000% between 2000 and 2015.
The price for fresh mackerell has nearly doubled in the same period, and lobster prices have more than tripled in the past decade.
“It’s a direct result of an oversupply of fresh seafood in the market,” said the report.
“If you’re looking at a lobster, for instance, you’re paying an extra $2,400 a pound to catch a pound.”
But the report said the spike in seafood prices is not the only cause.
The U.N. Food and Agriculture Organization (FAO) reported in March that China has surpassed the United States as the world’s top seafood producer.
It said China’s production of seafood has risen nearly 400 percent over a two-decade period.