ANALYSIS: China Bay Scallop Imports Continue Downwards Trend
It started with tariffs, followed by poor harvests, COVID-19, the U.S. dollar devaluation, skyrocketing freight costs, and recently a new outbreak in northern China creating additional setbacks, the market for China Bay scallops has seen better days here in the United States.
The average import volume from 2015 through 2018 was 21 million pounds, 2019 was the first year to see a major drop off of imports from China totaling less than 8 million pounds, while 2020 is anticipated to be...
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