Prices of Atlantic scallops soar in US market

Published 2024년 5월 23일

Tridge summary

The U.S. scallop fishing season for 2023-2024 is under close observation, with New Bedford expected to handle 63% of the total catch. Prices for large scallops (U-12) have risen significantly, while prices for smaller sizes (U-30) have been more volatile. The New England Fishery Management Council predicts a higher catch for the 2024-2025 season. Despite concerns about fewer large-size catches and higher prices, the market dynamics may change as the Bering Sea fishing season resumes, potentially driving up prices for small and medium-sized scallops. Overall, the market is seeing high prices for large scallops and fluctuating prices for smaller ones.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The base is an important platform for monitoring the U.S. scallop fishing season, handling 63% of the total catch expected for the 2023-2024 season. In addition to New Bedford, scallops were landed in New Jersey, Virginia and North Carolina. In the 20th week auction, the average price of U-12 was $21.25/lb, up 22% from $17.23/lb in Week 14 and up 50% from $14.13/lb in Week 20 of 2023. The average price of the most common U-20 size in Week 20 was $13 .09 USD/lb, down 7% from 14.04 USD/lb in week 14 of 2024, but up 23% from 10.65 USD/lb in week 20 of 2023. However, the price of the smaller size U-30 has dropped since the start of the fishing season, with an average price of 12.29 USD/lb in week 20, down from 12.93 USD/lb in week 14, but still higher than 11.40 USD/lb in week 20 of 2023. Since the start of this year's fishing season, the price of large sizes has shown a significant upward trend, mainly due to First, the supply of large sizes has decreased significantly compared to ...
Source: Foodmate

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