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Halibut Prices 2025

FFAW and ASP jointly agreed to rollover the current Halibut Schedule for the 2025 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.

Week Initial PriceFinal Total Price
March 16-March 22$4.75$9.84
March 23-March 29$4.75$7.38
March 30-April 5$5.00$11.75
April 6-April 12$5.00$10.25
April 13-April 19$5.00$10.36
April 20-April 26$5.00$9.38
April 27-May 3$5.00$11.37
May 3-May 10$5.00$11.15
May 11-May 17$5.00$11.35
May 18-May 24$5.00$11.97
May 24-May 31$5.00$11.78
June 1-June 7$5.00$9.91
June 8-June 14$5.00$6.52
June 15-June 21$5.00$6.07
June 22-June 28$4.50$7.54
June 29-July 5$4.50$9.69
July 6-July 12$3.75$5.60
July 13-July 19 $3.75$6.35
July 20-July 26$3.75$6.35
July 27-August 2$3.75$6.75
August 3-August 9$3.75$6.75
August 10-August 16$3.75$6.75
August 17-August 23$3.75$6.75
August 24-August 30$3.75$8.24
August 31- September 6$3.75$8.35
September 7- September 13$3.75$7.11
September 14-September 20$4.75$7.29
September 21-September 27$4.75$8.06
September 28-October 4$4.75$10.05
October 5-October 11$4.75$10.66
October 12-October 18$4.75$11.23
October 19-October 25$4.75$12.00
October 26-November 1$4.75$11.70
November 2-November 8$4.75$11.70
November 9-November 15$4.75$11.70
November 16-November 22$4.75
November 23-November 29 $4.75

Dr. Erin Carruthers

Dr. Erin Carruthers is the Science Director and Senior Fisheries Scientist with the Fish, Food and Allied Workers Union (FFAW-Unifor), which is the labour union that represents the owner-operator fleet in Newfoundland and Labrador. The FFAW is committed to research and management that supports healthy oceans, fisheries, and coastal communities. Dr. Carruthers received her Ph. D. in Biology from Memorial University in 2011 followed by a postdoctoral fellowship with the Centre for Fisheries Ecosystems Research. Before coming to Newfoundland, Erin worked as a Research Biologist with Fisheries and Oceans Canada at the St. Andrews Biological Station. Her current research program is co-constructed with fish harvesters and includes research on coastal fishing communities, collaborative longline and trap surveys, and best practices for the avoidance, handling and release of unwanted catch.