Macgregors Seafood Notes

Scallop Market Update for January 2010

OPEN AREA DAYS:
We anticipate that the remaining open area fishing will be done in the Channel. Landings have been light with 50% being 10/20’s and 50% being 20/30’s.

PROTECTED AREAS:
Elephant Trunk Area
90% of the catch is in. Anticipated landings going forward are as follows:
50% 10/20’s and 50% 20/30’s.
Delmarva
90% of the catch is also in, here. Regarding the harvest, we expect to see 35% 10/20’s and 65% 20/30’s.


Demand has continued to be very strong. However, landings have decreased considerably due to the number of days left at sea. This has resulted in higher prices. Prices will continue to rise from now through the new season in March 2010.

Pricing will be high and availability will be extremely limited on U10’s based on the outlook for the remaining harvest. This means that 10/20’s and 20/30’s will be a value due to stronger supply. 30/40’s will continue to be in tight supply and priced accordingly.


The preliminary outlook is that there may be a decrease in the number of days allowed at sea. However, it is far too early to tell if this will be the case. All of the necessary petitions and requests for amendment of any reductions are in place. The ultimate decision rests with the U.S. Government and National Marine Fisheries.