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Exclusive Info on the 2017 Halibut Quota

Sustainability Halibut Economics +7 more

US - The International Pacific Halibut Commission was here in Victoria B.C. last week discussing the catch limits for the 2017 Halibut fishery, reports Rob Reierson in the Tradex Foods 3-Minute market Insight.

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If you recall, the 2016 quota was set at 29.89 million pounds, up about 3 per cent from the year prior.

It was rumored that the federally-managed Pacific Halibut fishery decisions could be delayed by 2 months under President Trump's administration, but it was confirmed that this topic was not discussed during last week's seminars.

We were there LIVE on Friday to see the quota announcement in real-time.

The Commission approved a total catch limit for 2017 of 31.4 million pounds, including 7.45 million pounds for Area 2B in British Columbia. The season will run from March 11th to November 7th this year.

Afterwards, we spoke with Dr. David Wilson, the Executive Director of the IPHC to discuss the individual quota system and market pricing.

We caught up with Dr. Wilson to ask how he sees Halibut prices coming down to a marketable price level for the consumer.

Watch the Video to hear IPHC Executive Director Dr David Wilson's Answer

After announcing a 5 percent increase in the quota for 2017, we asked Dr. Wilson for his overall thoughts on this year's fishery.

Watch the Video to hear IPHC Executive Director Dr David Wilson's Answer

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