Market activity for halibut quota continued at a steady pace through the end of 2021. Ex-vessel prices remained strong the entire year, a trend that we expect to continue in 2022. Demand for QS, particularly in the GOA, will be high entering the 2022 season. Once 2022 harvest recommendations are finalized, we expect market activity to accelerate.
The market for sablefish quota improved towards the end of 2021 due to the increased 2022 TAC and steadily improving ex-vessel prices. Fishing reports for 2022 were largely positive but yet again, a significant amount of IFQ was left in the water. We expect a substantial amount of QS to be for sale in advance of the 2022 season, particularly if free Covid transfers are disallowed.