The spatial management of the scallop resource has made the fishery behave similar to a limited access fishery.  In 2016 scallopers were allowed three trips to closed areas, with a set trip limit.

In 2017, they will be allowed 4 trips to closed areas at 18,000 lbs per trip, and the open areas will be managed by a days at sea regime where each license holder gets 30 days at sea.

The net result is stability in the fishery, with landings expected to be around 47 million lbs.  This compares to 46.9 million pounds projected for the current fishing year.

The 2016 projections represent a 30% increase from the 36 million pounds landed in 2015.

The outlook for 2018 is also for continued stability.

“We’re happy. It’s a valuable fishery right now,” said Jimmy Wotton, a Maine scallop fisherman. “People are starting to recognize it’s a top quality product, and they are willing to pay for it.”

Scallops continue to be a popular item even at historically high prices.  Even with the increase in landings, prices are only slightly lower than they were a year ago.  Dry 10-20 scallops – a premium product – are quoted by Urner Barry at $14.79 compared to $15.13 in November 2015.

Treated or processed scallops are sold at much lower prices.  10-20 processed scallops in November were selling for $9.35, more than $1.00 less than the $10.50 price a year ago.  The increasing price spread between dry and processed scallops shows that the increased supply has mostly affected prices at the lower end of the market.

“We’ve certainly seen prices at the auction have been strong,” said Jonathon Peros, a scallop plan coordinator with the New England Fishery Management Council.

This story originally appeared on Seafoodnews.com, a subscription site. It is reprinted with permission.