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US scallop prices dip at New Bedford auction to kick off 2018 season

May 3, 2018 — Scallop harvesting may have just resumed off the Atlantic Coast of the United States  but great bargains are already being had, reveals a review by Undercurrent News of prices paid at the Buyers and Sellers Exchange (BASE), in New Bedford, Massachusetts.

At a range of $7.20 to $7.55 per pound, the boat prices paid Monday for 10/20s from the Mid-Atlantic Access Area (MAAA) – one of the country’s most prolific scallop harvesting zones — were more than a dollar below the $8.60 to $8.75 range paid a month earlier, for example.

Similarly, the $9.45 to $10.00 boat prices paid on Thursday for U-10s from the Nantucket Lightship Closed Area are well below the $12.20 to $14.75 paid for the same scallops on April 3.

With prices so low, now is the best time to lock in and buy, asserts Tony Figueiredo, the director of international sales for Oceans Fleet Fisheries. It’ll be months before prices drop like this again, and when they do it will be for the remaining warm-water product, he told Undercurrent at the Seafood Global Expo, in Brussels, Belgium, last week.

Read the full story at Undercurrent News

 

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