Undercurrent News is proposing the implementation of weekly US wholesale price reporting for the scallop market. We are gathering industry participant feedback to ensure these assessments align with market needs.

The UCN price assessments will reflect trade from the harvester to the first receiver, while imported product will reflect trade from the importer to the first receiver. 

The proposed specifications will cover a wide range of domestic and imported scallop products, focusing on key sources such as the US, Canada, China, and Japan. Details of the coverage are outlined below:

Sample proposed product coverage:

Market specifications: The price reporting will focus on ex-warehouse pricing for frozen scallops across various sizes and moisture levels.

Quotation series: Prices will reflect less-than-truckload (LTL) volumes, expressed in $/lb. This will provide buyers, sellers, traders, and market participants with a comprehensive understanding of market values at key points in the supply chain.

This initiative aims to provide valuable and independent price benchmarks for the scallop industry, complementing our established reputation as a credible global seafood news supplier. With nearly 3,000 data sets across key species, this new service will further strengthen our offerings.

Your input matters

We invite your feedback to tailor this service to reflect current market conditions and better support your business decisions. Please send any comments or questions regarding this proposal to [email protected] by Nov. 28, 2024.

We will acknowledge all feedback. If industry support is confirmed, we aim to launch this price-reporting service on Dec. 2, 2024.

Thank you for your continued support. We look forward to working together to build a reliable and robust scallop price reporting service.

UCN Team