News

Russia can replace the scallop deficit in the American market with its supplies

Frozen Scallop
Russia
United States
Published Jul 24, 2021

Tridge summary

The US market is experiencing a scallop shortage this year. In this regard, China, Peru and Japan have seriously increased their supplies. Russia has not yet supplied its eco-friendly and high-quality scallop to the American market, but can take advantage of the current favorable situation. The scallop is becoming a scarce commodity in the United States. Last year ended with sky-high prices. The new season started on April 1st and the offer is still limited, especially with the large scallop.

Original content

As a result, prices are skyrocketing. Typically, scallop prices in the US market begin to decline in the spring and summer months, but this year looks to be different. Supply is expected to remain below demand until at least the end of July 2021 at record high prices. Strong demand in the US has led to high imports. In the first two months of 2021, scallops were imported in the amount of about $ 39.5 million, which is 30 percent more than in the same period of 2020. Volumes reached a high level of 3.5 thousand tons, which is about 1000 tons more than in the same period last year. The average cost of imports ...
Source: Fishnet.ru
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