REPORTER: Scallop Market Demands Sky High Premiums
This article was originally featured in the Fall 2021 Edition of Urner Barry's Reporter magazine.
The market for Atlantic sea scallops has been boasting record high premiums even before the 2021 season opened on April 1. Back-to-back seasons producing a smaller size mix of landed product has resulted in projected landings for the 2021 fishing year retreating down to about 40 million pounds, compared to 51.6 million pounds projected in 2020 and 60.6 million pounds projected in 2019.
Constrained supply, especially on the largest scallop size counts, coupled with active...
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