IFQ News November 2021

HALIBUT

At the time of this writing, one month remains in the season. The majority of this year's TAC has been landed. Prices have remained at historical highs through the fall. Market activity has increased with both fished and unfished QS trading steadily. We anticipate that the demand for Halibut quota will outpace its supply through the end of the year.

SABLEFISH

At the time of this writing, there has been a slight increase in market activity for sablefish quota, with recent sales of SE and CG. The increase in activity is likely attributed to slight improvement in the grounds price for sablefish, and the hope that trend continues. Indications are that a significant amount of 2021 IFQ will remain unharvested. The NPFMC meeting in early December will likely be the next event to influence the quota market.