IFQ News June 2020

HALIBUT

At the time of this writing, the season is ongoing. There is very little sales activity due to uncertainty related to the global pandemic. Fishing reports have been mostly positive. However, weakened dock prices due to reduced end-user demand has given potential buyers pause.

SABLEFISH

Despite unprecedented levels of uncertainty, market activity has cautiously continued as the reduced quota prices present opportunity for those with a long term outlook. Recent sales in WG, CG, and WY. Fishing reports have been mixed, with successful trips being marred by low dock prices. A significant portion of the fleet remains tied to the dock with the hopes of improved dock prices in the fall.