October 27, 2015 — As landings continue to come in a little shorter than had been predicted for 2015, US sources see no easing in prices for domestic scallops, which are back up near the all-time high levels seen before this fishing season began.
The agreed outlook is for prices to remain where they are now, with limited landings expected between now and Christmas, when demand traditionally picks up from October.
One executive with a scallop catching firm told Undercurrent News that boats landing in Newport News, Virginia, last week, saw U12s earn $15.75 per pound to the boat, and as much as $16 a few days later.
10/20s sold for $12.03 – $12.05. A second source, also operating out of Newport News, confirmed the largest sizes were going in the $16 range. He put 10/20s in the high $11 area, and in the low to mid $12 too. Both sources added these were typical of recent developments, and that they expected prices to remain similar for the rest of 2015.
Meanwhile David Cournoyer, general manager of Marder Trading in New Bedford, Massachusetts, put prices for fresh, dry U10s at $17.50 to the boat, $18- 18.50 sold on the street.
10/20s were $14 sold on the street, give or take 40 cents, he told Undercurrent.
“October demand was down, as it generally is this time of year. Demand tends to increase in November, December, and early January usually.”
Read the full story at Undercurrent News