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.