October 26, 2018 — When the English poet Geoffrey Chaucer coined the phrase in the 14th century that all good things must come to an end, surely he wasn’t talking about the buying of US sea scallops in 2018.
Or was he?
After staying below or just above $9 all spring and summer, the average price of 10/20s – the most common size of Atlantic sea scallops in the US — has rocketed up to $10.89 per pound this month and the deluxe size U-10s that were plentiful earlier in the season have virtually disappeared, reveals a review by Undercurrent News of landings at the seafood auction in New Bedford, Massachusetts.
Add $1.50 to $2.00/lb. to cover both the auction’s offload charges (20 cents per lb) and the dealers’ margins to get a true sense of what scallops are selling for at wholesale, sources suggest.
The recent changes have scallop wholesalers reminiscing already about the spring and summer that were, when foodservice businesses began to put scallops back on the menu, and simultaneously wondering how they’re going to meet the challenge of scallop-hungry customers between now and April 1, 2019, the likely beginning of the next season.
“It was a great ride, one of the best rides in some time,” said Bob Mankita, a seafood buyer for JJ McDonnell, an Elkridge, Maryland-based wholesaler, of the spring and summer of 2018 scallop market. “Prices were low. There were a lot of U-10s. We got back a lot of lost customers. Now we just have to figure out how to handle the next five months.”