Foodservice

The Agri-Food Institute team at Wells Fargo collected data showing the current cost of ingredients to prepare a quarter pound hamburger at home is $2.16 per burger (which includes cheese, tomato, and lettuce).

Transportation woes continue to haunt Northeast shippers as trucks remain hard to come by and freight rates skyrocket because of rising fuel costs and a scarcity of drivers.

It’s calculated due to the influence of the COVID-19 pandemic, 90,000 restaurants have closed either permanently or long-term.

The National Restaurant Association says wholesale food prices remain on track to post their largest annual increase since 2014.