ANALYSIS: Domestic Scallop Prices Soar to Record Highs Amid Supply Shortages, Driving Market-Wide Increases
Domestic scallop pricing has reached unprecedented highs, particularly for larger sizes. The limited landings in 2024, especially for U/10s and U/12s, have exerted significant upward pressure not only on these premium sizes but also on 10/20s and 20/30s. Historically, U/10 scallops have traded within a range of $11.00 to $21.00 per pound over the past decade. However, current market prices are now just below $30.00 per pound, with some transactions pushing well into the $30s...
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