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High beef, lime prices hitting Valley restaurants

PHOENIX -- Arizona restaurant owners are facing shrinking profit margins due to the steadily increasing cost of beef and the shortage of limes in Mexico.

"It's incredibly difficult," said Steve Chucri, president and CEO of the Arizona Restaurant Association. "This is our peak season right now. It's almost an aligning of the planets and it's wreaking havoc when it comes to the commodities that restaurants depend on."

Currently, Arizona restaurant owners are not increasing menu prices, which is a tough decision to make.

"If your competitors aren't raising prices, it's tough to raise yours," said Chucri. "They just have to swallow hard and just accept the fact that you will, for a few months, have less of a profit."

Beef prices have hit high not recorded since the late 1980s. Currently, USDA fresh beef is priced at nearly $5.50 per pound.

About the Author

Sandra moved from the small border city of Yuma, Arizona to study Broadcast Journalism at Arizona State University in the late 90s. Since graduating, she's worked at several local TV stations including Univision, Fox 10 and 3TV.

Working at KTAR, has allowed her the opportunity to cover major national news events, including Presidential visits, the Tucson Tragedy and the Wallow fire.

When Sandra isn't covering breaking news or behind a microphone in the studio, she's probably at home with her best friend Mark and her two dogs, Lily and Lola.

Sandra enjoys cooking and admits to enjoying "really bad" reality T.V. She also enjoys spending quiet time at home with people she loves, playing a little poker and traveling.


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