IFQ October 2024

HALIBUT

At the time of this writing approximately 61% of the overall 2024 Halibut TAC has been landed, and up to 70% in areas 2C and 3A. Ex-vessel price have continued to slip. Quota sales continue to be slow, but a few recent transactions have occurred. Availability of Halibut QS remains high, but buyers remain hesitant despite further price reductions. We expect sales to remain limited through the fall.

SABLEFISH

There are very few changes to report. Harvest efforts continue to be focused in CG and SE with over 50% landed, while WY is up to 74%. Total landings are at only 42% of the TAC, up from 35% last month. There has been no new market activity for sablefish quota to report, except a small block of WY A-shares. Sellers continue to reduce prices incrementally, but it likely requires a more significant catalyst to improve demand from buyers.