Halibut Prices 2021 | FFAW-Unifor | Fish Food & Allied Workers Union

Halibut Prices 2021

Halibut Pricing 2021

 

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.

 

Halibut Pricing Table 2021 – 2022

Week Ending (Sun. to Sat.) Initial Price Date of Initial Price Final Price for Week Adjustment to Initial Price
April 3 $5.00 April 22 $7.98 $2.98
April 10 $5.00 April 14 $8.49 $3.49
April 17 $5.00 April 22 $8.45 $3.45
April 24 $5.00 April 29 $7.58 $2.58
May 1 $5.00 May 7 $7.82 $2.82
May 8 $5.00 May 13 $7.21 $2.21
May 15 $4.50 May 20 $7.25 $2.75
May 22 $4.50 May 27 $7.31 $2.81
May 29 $4.50 June 3 $7.49 $2.99
June 5 $4.50 June 10 $8.63 $4.13
June 12 $4.50 June 17 $6.74 $2.24
June 19 $4.50 June 24 $6.34 $1.84
June 26 $4.50 July 1 $7.77 $3.27
July 3 $4.50 July 8 $8.64 $4.14
July 10 $4.00 July 15 $6.66 $2.66
July 17 $4.00 July 22 $6.77 $2.77
July 24 $4.00 July 29 $6.98 $2.98
July 31 $3.75 August 5 $5.99 $2.24
August 7 $3.75 August 12 $6.86 $3.11
August 14 $3.75 August 19 $6.86 $3.11
August 21 $3.75 August 26 $7.96 $4.21
August 28 $3.75 September 1    
September 4 $3.75 September 9    


 

 

 

 

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