Halibut Prices 2015
The Halibut Collective Agreement establishes prices based on the actual market returns of processers/buyers. Establishing a price for halibut is a multi-step process that takes places over a period of four weeks.
The initial price for halibut is set at the beginning of Week 2. The initial price may increase when the final price is set in Week 4, depending on the market returns of the halibut sold by the Buyer/Processer. This 4-week process is repeated for each week during the halibut season.
Halibut Pricing Process
• Week 1: Harvesters sell halibut to processers/buyers
• Week 2: On Tuesday, the initial price for halibut sold in Week 1 is established. Harvesters are paid for the halibut sold in Week 1 according to this initial price. Processers/Buyers sell halibut bought in Week 1 to market.
• Week 3: Week 1 halibut still entering the market.
• Week 4: By noon on Tuesday, Processers/Buyers will have submitted all receipts for halibut bought in Week 1 to the independent third party (Quinlan and Taylor). By the end of the business day on Tuesday, the final price for halibut caught and sold in Week 1 will be established. If the final price is higher than the initial price, the difference will be paid to the harvester at the next pay period. The final price cannot be lower than the initial price.
| Week Ending(Sun to Sat) | Initial Price | Date of Initial Price | Final Price for Week | Date of Final Price | Adjustment to Initial Price |
| May 2, 2015 | $7.00 | May 5, 2015 | $7.24 | May 21, 2015 | $0.24 |
| May 9, 2015 | $6.50 | May 12, 2015 | $7.18 | May 28, 2015 | $0.68 |
| May 16, 2015 | $6.50 | May 19, 2015 | $7.18 | June 3 , 2015 | $0.68 |
| May 23, 2015 | $6.50 | May 26, 2015 | $7.67 | June 11, 2015 | $1.17 |
| May 30, 2015 | $7.00 | June 2, 2015 | $7.91 | June 17, 2015 | $0.91 |
| June 6, 2015 | $7.00 | June 9, 2015 | $7.00 | June 23, 2015 | No Adjustment |
| June 13, 2015 | $5.75 | June 16, 2015 | $5.75 | June 30, 2015 | No Adjustment |
| June 20, 2015 | $5.25 | June 23, 2015 | $6.20 | July 7, 2015 | $0.95 |
| June 27, 2015 | $5.00 | June 30, 2015 | $5.96 | July 14, 2015 | $0.96 |
| July 4, 2015 | $5.00 | July 7, 2015 | $5.96 | July 21, 2015 | $0.96 |
| July 11, 2015 | $5.25 | July 14, 2015 | $5.89 | July 28, 2015 | $0.64 |
| July 18, 2015 | No Sales | July 21, 2015 | No Sales | No Sales | No Sales |
| July 25, 2015 | $5.25 | July 28, 2015 | $7.21 | August 12, 2015 | $1.96 |
| August 1, 2015 | $5.25 | August 4, 2015 | $7.21 | August 18, 2015 | $1.96 |
| August 8, 2015 | $6.25 | August 12, 2015 | $7.51 | August 25, 2015 | $1.26 |
| August 15, 2015 | $6.75 | August 18, 2015 | $7.51 | Sept. 2, 2015 | $0.76 |
| August 22, 2015 | $6.50 | August 25, 2015 | $6.50 | Sept. 9, 2015 | No adjustment |
| August 29, 2015 | $6.00 | Sept. 2, 2015 | $7.32 | Sept. 16, 2015 | $1.32 |
| Sept. 5, 2015 | $5.25 | Sept. 9, 2015 | $7.67 | Sept. 24, 2015 | $2.42 |
| Sept. 12, 2015 | $5.25 | Sept. 16, 2015 | $7.67 | Sept. 30, 2015 | $2.42 |
| Sept. 19, 2015 | No Sales | No Sales | No Sales | No Sales | No Sales |
| Sept. 26, 2015 | No Sales | No Sales | No Sales | No Sales | No Sales |
| October 3, 2015 | No Sales | No Sales | No Sales | No Sales | No Sales |
| October 10, 2015 | $5.25 | October 27 | $8.41 | October 27, 2015 | $3.16 |
| October 17, 2015 | $5.25 | October 27 | $8.56 | Nov. 3, 2015 | $3.31 |
| October 24, 2015 | No sales | No Sales | No Sales | No Sales | No Sales |
| October 31, 2015 | No Sales | No Sales | No Sales | No Sales | No Sales |
| November 7, 2015 | No Sales | No Sales | No Sales | No Sales | No Sales |
| November 14, 2015 | $5.25 | December 2, 2015 | $10.01 | December 2, 2015 | $4.76 |