News Summary January 2, 2025
Today's Top Story: US Scallop Import Disconnect as Modest Declines Reveal Deeper Market Pressures
In today’s top story, year‑to‑date scallop imports through September slipped 3.0% to 39.7 million lbs, but monthly volatility hides a tighter market: August plunged to one of the lowest monthly totals in recent years before a partial rebound in September. Country‑level shifts—sharp drops from Canada and Japan, offset partially by gains from Argentina and China—point to constrained harvests, pricing pressure, and seasonal availability shaping buyers’ sourcing...
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