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US scallop prices expected to rise with little relief in sight

September 27, 2016 — US scallop prices look set to fluctuate but generally trend upwards throughout the fall, with no alternatives at reasonable prices, sources told Undercurrent News.

After the July 4 celebrations, prices for fresh scallop raw materials took an unusual dip in pricing, several sources said – though this quickly corrected and prices are now high again.

“Pricing started off very strong at the beginning of the season; ex-vessel prices of $18.50 per pound for U10s and U12s, and $12+ for both 10/20s and 20/30s,” said Joe Furtado, executive vice president of Eastern Fisheries.

“But, over the last 60 days, we have actually seen a reduction in ex-vessel pricing, where it is trending about $1/lb less than April/ May pricing.”

“It’s actually the first time that I have seen post July 4 pricing trend downward,” he added.

However, two other sources suggested this dip was only temporary, and that more recently prices were right back up again.

Read the full story at Undercurrent News

Global scallop supply limited in 2016, but rising in 2017

April 6, 2016 — NEW BEDFORD, Mass. — As the US east coast sea scallop fishing season ramps up, two of the world’s biggest scallops companies see prices at a plateau for now with tight supply in 2016 poised to ease soon after

Speaking to Undercurrent News at the headquarters of Eastern Fisheries, the world’s largest scallop firm, executive vice-president Joe Furtado said that decreased US scallop supplies are expected to keep prices elevated, at least for a little while.

“The overall outlook for this year is still down as a whole but the overall outlook for 2017 is a significant rebound from a supply perspective,” Joe Furtado, executive vice-president of Eastern Fisheries said. “So I think we’ve made some market corrections due to the reality that there’s just less scallops this year but in anticipation of a rebound in 2017, I think you’ll start to see receding pricing in the back half of this year.”

Eastern has two processing factories in New Bedford, another two in northeastern China, one of which is also used for flatfish processing, and a third recently opened in Staphorst, Netherlands that handles all of the company’s European scallops. The company is co-owned by two family businesses, O’Hara Corporation and Nordic Fisheries, which together own a fleet of 26 scallop vessels.

Read the full story at Undercurrent News

New England Seafood Companies Highlight Traceability Practices in Saving Seafood Video

WASHINGTON (Saving Seafood) – March 8, 2016 – Sustainability and traceability are key themes of this year’s Seafood Expo North America, being held this week in Boston. A new video released today from Saving Seafood highlights how the U.S. seafood industry is focused on sustainable, traceable, and high-quality local seafood.  

Taken from a series of interviews conducted by Saving Seafood at last year’s Seafood Expo, the video features representatives from some of New England’s most prominent seafood companies sharing how they ensure that domestic seafood is fresh, sustainably sourced, and reliably traced.

In recent years, as concerns about seafood fraud have increased, companies cited their ability to closely monitor supply chains, from the minute the fish leaves the water to the moment the final product exits the warehouse as the kind of control and assurance their buyers demand. 

“When you’re dealing with the customer base we have, they want a premium product, MSC certified, and domestic,” said George Kouri, COO of Northern Wind of New Bedford, Massachusetts. “Everything we pack is exactly to the customer’s specification and labeled in accordance.”

One of the largest seafood shows in the United States, Seafood Expo North America brings together leading members of the domestic seafood community, including harvesters, processors, wholesalers, and retailers. While over 90 percent of seafood consumed in the U.S. is imported, Expo participants touted several major benefits of purchasing and consuming seafood caught in U.S. waters, chief among them the fact that U.S. law requires domestic fisheries be harvested at sustainable levels.

“For us, we’re able to trace those goods, in the case of scallops specifically, from the individual tow, all the way to the lotted box that ultimately ends up in the possession of our customers,” said John Furtado, the Executive Vice President of Eastern Fisheries, of New Bedford, Massachusetts.

Domestically caught seafood, in addition to coming from sustainably managed stocks, also has a clear advantage over imported fish when it comes to being properly labeled and accurately traced, according to many of the interviewees. Another benefit of locally sourced seafood, they say: it’s easier to track.

“Every single species that we are pulling out of the ocean and serving up to our clients, to our chefs, and to our specialty retailers are sustainable,” said Laura Foley Ramsden, co-owner of M.F. Foley, Inc. of Boston, and a former councilmember on the New England Fishery Management Council. “We’re able to go to our customers and inform them about how fisheries in the U.S. are managed, that it’s illegal to be overfishing, and that they are coming from a sustainable resource.”

“We’ve always known where all the fish came from, and where it went,” said Charlie Nagle, President of Boston’s John Nagle Co. “Everything we do is traceable.”

Among the Expo attendees featured in the video are representatives from Northern Wind; M.F. Foley Inc.; John Nagle Co.; and Eastern Fisheries. They each expressed to Saving Seafood the importance of maintaining not only a sustainably sourced product, but also one that is fresh and of the highest quality.

“We have extremely disciplined buying, so that we put people in each of the New England ports every single day looking at the fish, buying fish that’s only 24 to 48 hours out of the water,” said Ramsden. “If you’re that disciplined in your buying standards, you’re going to produce a better tasting, fresher fish that then ends up in plates all across America.”

The video is just a small sample of the many U.S. seafood providers who adhere to some of the world’s highest standards to bring high quality seafood to the domestic market. Saving Seafood is proud to support sustainable seafood providers, and will continue to highlight the stories of successful, sustainable U.S. fisheries.

View the video here

NOAA Issues Climate Warning for Scallops

February 9, 2016 — NEW BEDFORD — “Sea scallops have a high vulnerability ranking,” reads a Feb. 3 announcement from the Northeast Fisheries Science Center, which operates in Woods Hole under the National Oceanic and Atmospheric Administration (NOAA). “Negative impacts are estimated for many of the iconic species in the ecosystem including Atlantic sea scallop, Atlantic cod and Atlantic mackerel.”

The NOAA study, formally known as the Northeast Climate Vulnerability Assessment, said Atlantic sea scallops have “limited mobility and high sensitivity to the ocean acidification that will be more pronounced as water temperatures warm.”

Water temperatures in Buzzards Bay have risen 4 degrees over the past two decades, for example, according to a recent study by the Woods Hole Oceanographic Institution and the Buzzards Bay Coalition.

Scallops are vital to New Bedford’s fishing industry. NOAA Fisheries announced last October that New Bedford, for the 15th year in a row, was the No. 1 port in the country in terms of dollar value of its catch. Much of that value, which totaled $329 million in 2014, comes from scallops.

The money has big local impacts. Eastern Fisheries captain Christopher Audette, for example, told visitors at an annual buyers’ tour in March 2014 that deck hands on his scallop boat had taken home more than $200,000 in 2013 — and that he had made even more than that.

Harbor Development Commissioner Richard Canastra, who has been instrumental to the Whaling City Seafood Display Auction since 1984, said this week that the scallop industry — and stock — continues to boom in New Bedford.

“The biomass has been increasing over the last 10 years, and there is no sign of it depleting because of the warmer waters,” Canastra said. “They’re talking a few degrees, and that’s not going to make much of a difference in terms of scallop population.”

Chad McGuire, associate professor of environmental policy at UMass Dartmouth, said that while the NOAA findings are not a surprise, they could be another “warning signal” for the industry.

“This study suggests that if you care about one of the largest economic drivers for this region, then you need to care about climate change,” said McGuire, whose work includes fishery management and climate change issues.

“We should be worried that this could greatly affect how many scallops we’re taking in the future,” he added.

Read the full story at New Bedford Standard-Times

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