ANALYSIS: China Bay Scallops – Prices Up, Imports Down
Tariffs have been affecting many markets since their implementation, but for China bay scallops, tariffs aren’t the only thing inflating prices. Increasing labor costs overseas are adding to the upwards pressure, especially on the smaller size counts including 120/150s and 150/200s.
Reports from key industry players indicate smaller sizes will be staying domestically within China and other Asian markets, causing exports to the United States to shrink, go forward.
Currently 120/150 ct. sized China bay scallops are averaging $3.60, only slightly higher than 2017 and 2018 prices...
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