Nov 30 - ANALYSIS: Japanese Exports Affecting Canadian Scallops; U.S. Market Unsettled
ANALYSIS: Japanese Exports Affecting Canadian Scallops; U.S. Market Unsettled
Premiums are developing in the Canadian sea scallop market as approximately 95% of the offshore quota has been caught. Frozen inventory levels are not as abundant compared to previous years and one factor contributing to this are fewer exports from Japan into Canada.
This past year, while Japan harvested the same number of scallops as expected, the harvest was of a smaller size, attributing to about 25% less product available for export. Less exports, paired with strong domestic demand in Japan ...