Sales of halibut quota have continued through the end of the year. Demand remains strongest in areas 3A and 3B, with some late activity in 4A. 2C remains very quiet. At the time of this writing, survey data has been presented, but the 2020 TAC won’t be determined until February’s IPHC meeting.
Prices of quota have decreased significantly over the last 12 months. Market activity increased as prices declined throughout the year, with the most sales occurring for CG and SE quota. At the time of this writing, the NPFMC is deliberating over a TAC increase for the 2020 season. We expect a potential adjustment of quota prices in response to the announcement of the new TAC.