Undercurrent News aims to provide accurate, transparent price assessments for the scallop market. These assessments will reflect key market trends and offer clarity for buyers, sellers, traders, and other participants within the supply chain.
All assessments listed here follow the IOSCO-aligned Undercurrent News Price Reporting Methodology, which provides transparency and clarity on data collection, pricing criteria, and assessment processes.
Our methodologies are updated periodically to reflect the latest market standards and practices. When changes are made, subscribers will be informed through our regular publications and communications. Our market reporting team can address questions or provide additional guidance on methodology details or assessment-related inquiries. They can be contacted at [email protected].
Our scallop market assessments cover various categories and product types, sourced globally. Products are categorized by origin, processing type, and size, providing detailed and segmented price reporting.
| Species | Origin |
|---|---|
| Scallops | United States, Canada, Japan, China |
Frozen Products: Prices are listed as ex-warehouse, representing the cost of goods available at the seller’s warehouse.
All prices reflect less-than-truckload (LTL) volumes, which aligns with industry norms and provides a realistic picture of market values. Prices are stated in $/lb, the standard unit for scallop pricing.
Our methodology prioritizes data to ensure accuracy and market reflection:
Independent, confirmed trades are prioritized to form the basis of our assessments.
Validated bids and offers open to the market are considered.
Includes relevant data on trends, related product relationships, and general market activity.
Where needed, we use general indications from experienced market participants to supplement transactional data.
Scallop prices are updated and published weekly on Wednesdays at noon EST to capture timely and accurate market shifts.
Data is gathered daily from 8:00 a.m. to 5:00 p.m. EST, capturing current trading information to feed into upcoming assessments.
Have questions or need more information about our price assessments? Our expert price reporting team is here to help. Whether you’re looking for market insights or guidance on submitting data, don’t hesitate to reach out—we’re committed to providing clarity and support.
