Scallop Market Update
As we’ve already mentioned in previous newsletters, Sea Scallop landings have been down recently which has lead to very high prices. According to the New Bedford BASE Scallop Auction data from 5/1/24 through 8/31/24, U/10 and 10/20 landings are down by almost 50%, or 3 million pounds from the same time last year. Smaller sized scallops like 30/40 and 50/60 are up 2 million pounds from the previous year. Due to these sustained supply conditions strong pricing pressure remains across all sizes, this pressure continues to grow as there are no anticipated supply changes over the coming weeks. We will continue to monitor this situation and do our best to get you the best scallops we can at the best prices.