ANALYSIS: Scallop Market Rallies Ahead of Area II Closure
Framework Adjustment 38 to the Atlantic sea scallop Fishery Management Plan has resulted in an estimated harvest of 27.4 million pounds of Atlantic sea scallops for the new season that began April 1, 2024 — a 2.4 million pound increase from the previous year, marking the first quota increase since 2019.
Despite the anticipated increase in scallop supply, prices did soften soon after the season opened on April 1, 2024, with upwards pressure swiftly noted on U10s as landings dwindled on those larger sized scallops early in...
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