IFQ June 2023

HALIBUT

At the time of this writing, approximately 17% of the halibut TAC has been landed, with the majority of effort focused in 2C and 3A. Fishing reports have been mixed, particularly in 3A. Dock price has weakend slightly in the past month.. Market activity for halibut quota has slowed since the season opened, but recent sales have occurred in 2C, 3A, 3B, and 4A . Availabiity of quota for sale remains in all areas. As effort redirects to salmon, we expect the market to be relatively slow through the summer.

SABLEFISH

At the time of this writing, we are two months into the season, and 22% of the sablefish TAC has been landed. Market activity remains limited, with only a few recent sales of WY and CG. Fishing reports have been mostly positive, but ex-vessel prices continue to be underwhelming, and the slow IFQ market is likely a result of that. Barring a sudden improvement in the grounds price, we expect that trend to continue into the summer as gears shift towards salmon seasons.