Double-digit scallop prices the new normal
Reductions in the number of fishing days and the amount of scallops a boat can catch in a day ensure prices will stay in double digits for most of the season, which is now under way.
One buyer for a chain of seafood restaurants says he purchased 18,000 pounds at USD 12 a pound in early April, and isn't spending much time worrying about how much he spent. He just didn't want to be shut out.
“I remember when they were in the low-USD 9s, the mid-USD 8s, for years and years, so USD 12 is crazy,