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"Placopecten Magellanicus" is the species caught in the Northwest Atlantic, both in the U.S. and in Canada. The annual catch from 300 permitted scallop vessels is 55-60 mm lbs of scallop meat from a dredge-based fishery. Included in this total is a 400 lb/day permitted catch from 200-300 small day boats. The fishing year begins on March 1st and is strictly regulated by the U.S. Government