US scallop imports soar past 5-year average as high priced domestic product sends buyers to China
SEAFOODNEWS.COM by Michael Ramsingh - July 18, 2014
With domestic scallop supplies low and prices at or near all-time highs, imports for lower priced product from China and other producing countries have driven shipments to the US up considerably over last year and the five-year average.
Through May, US scallop imports are up 31 percent from last year to about 32 million pounds; an increase of about 8 million pounds. Compared to the five-year average, the figures are nearly identical with imports also up 30 percent.
Shipments from China--the top scallop supplier to the US-- are driving the increase...(more)
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