ANALYSIS: Uncertainties Within The Scallop Market
The 2023-2024 Atlantic sea scallop season had pressures mounting even before the fishery opened on April 1. With another consecutive year of fallen quota announcements, the estimated 25 million pounds of scallops landed in 2023 is a 26.5 percent retreat from the 2022 projection of 34 million pounds and a notable 60 percent drop from the 2019 projection of 62.5 million pounds just four years prior.
With the anticipated fall in seasonal landings, firm prices and premiums throughout the season were expected. However, a pullback on demand, as seen across seafood...
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