Lower than expected scallop landings drive price spike

mkAuction prices in both New Bedford, Massachusetts and Newport News, Virginia spiked in the last week of July; just after data was released confirming what that the 2015-2016 harvest was on track to fall short of expectations. “Prices were up by a good dollar to the boat over the last week,” David Cournoyer, general manager of Marder Trading in New Bedford, “They got as high as $13.60 per pound for the 10/20s, with 20/30s going into the high $12 range, pushing $13 even.” A second source, speaking anonymously, put prices increased in the high $15,, Read the rest here 10:08