Story perspectives

Long Island Oyster Industry Faces $2.3M Losses from Freeze

4/2/2026

Summary

Story summary

An unprecedented winter freeze devastated Long Island's oyster industry, causing Peter Stein, founder of Peeko Oysters, to report losses of over one million oysters and high six-figure damages.
The harsh conditions caused extensive equipment damage across the industry, estimated at $2.3 million.
Oyster prices have risen as local restaurants struggle to maintain supply.
Despite the setbacks, industry leaders plan new strategies to anticipate price stabilization as warmer weather approaches.

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Story summary

An unprecedented winter freeze devastated Long Island's oyster industry, causing Peter Stein, founder of Peeko Oysters, to report losses of over one million oysters and high six-figure damages.
The harsh conditions caused extensive equipment damage across the industry, estimated at $2.3 million.
Oyster prices have risen as local restaurants struggle to maintain supply.
Despite the setbacks, industry leaders plan new strategies to anticipate price stabilization as warmer weather approaches.