IFQ November 2024

HALIBUT

At the time of this writing approximately 76% of the overall 2024 Halibut TAC has been landed, with areas 2C, 3A, and 3B exceeding 80% harvested. Despite effort, Area 4 harvest remains challenging. Ex-vessel prices remain mostly stable. QS Sellers have been reluctant but agreeable to lower offers in desirable areas like 2C and 3A, resulting in some sales. Availability of Halibut QS remains high in all areas. We expect sales to remain limited through the end of the year.

SABLEFISH

Harvest efforts continue to be focused in CG and SE with 10% of each area's allocations harvested in the past month. WY sits at 80% harvested, WG at 65%. Total landings increased to 54% of the TAC, up 5% from last month. There has been very little market activity to report over the past month. Sellers continue to reduce prices incrementally, buyer interest remains limited.