Halibut Prices 2024
FFAW and ASP jointly agreed to rollover the current Halibut Schedule for the 2024 season.
The Halibut Collective Agreement establishes prices based on the actual market returns of processors/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/Processor. This 4-week process is repeated for each week during the halibut season.
Halibut Pricing Process
• Week 1: Harvesters sell halibut to processors/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. Processors/Buyers sell halibut bought in Week 1 to market.
• Week 3: Week 1 halibut still entering the market.
• Week 4: By noon on Tuesday, Processors/Buyers will have submitted all receipts for halibut bought in Week 1 to the independent third party (Quinlan Boland Barrett). By the end of the business day on Thursday, 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.
This table will be updated as the price updates.
2024 Halibut Prices
| Week | Initial Price | Final Total Price |
|---|---|---|
| March 17-March 23 | $5.50 | $10.32 |
| March 24-March 30 | $5.50 | $10.32 |
| March 31-April 6 | $5.50 | $10.32 |
| April 7-April 13 | $5.50 | $11.30 |
| April 14-April 20 | $5.50 | $7.81 |
| April 21-April 27 | $5.50 | |
| April 28-May 4 | $4.50 | |