Halibut Prices 2016 | FFAW-Unifor | Fish Food & Allied Workers Union

Halibut Prices 2016

Halibut Price Formula 2016

 

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.

Halibut Price Table

Week Ending (Sun-Sat) Initital Price Date of Initial Price Final Price for Week Date of Final Price Adjustment to Initial Price
April 10-16, 2016 $7.25 April 20, 2016 $7.25 May 4, 2016 No adjustment
April 17-23, 2016 $6.00 April 26, 2016 $6.32 May 10, 2016 $0.32
April 24-30, 2016 NO SALES NO SALES NO SALES NO SALES NO SALES
May 1-7 2016 NO SALES NO SALES NO SALES NO SALES NO SALES
May 8-14, 2016 NO SALES NO SALES NO SALES NO SALES NO SALES
May 15-21 $6.00 May 24, 2016 $7.62 June 7, 2016 $1.62
May 22-28, 2016 NO SALES NO SALES NO SALES NO SALES NO SALES
May 29 – June 4, 2016 $6.50 June 7, 2016 $7.86 June 22, 2016 $1.36
June 5 – June 11 $6.50 June 14, 2016 $7.55 June 29, 2016 $1.05
June 12 – June 18 $6.00 June 21, 2016 $7.70 July 6, 2016 $1.70
June 19 – June 25 $5.25 June 28, 2016 $6.38 July 14, 2016 $1.13
June 26 – July 2 $5.25 July 6, 2016 $7.49 July 20, 2016 $2.24
July 3 – July 9 $5.25 July 12, 2016 $7.34 July 27, 2016 $2.09
July 10 – July 16 $5.25 July 19, 2016 $7.34 August 10, 2016 $2.09
July 17 – July 23 $5.25 July 26, 2016 $6.94 August 10, 2016 $1.69
July 24 – July 30 $5.25 August 2, 2016 $6.96 August 17, 2016 $1.71
July 31 – Aug 6 $5.25 August 9, 2016 $6.31 August 24, 2016 $1.06
August 7 – August 13 $5.25 August 16, 2016 $6.31 August 31, 2016 $1.06
August 14-August 20 $5.25 August 24, 2016 $6.68 September 7, 2016 $1.43
August 21 – 27 $5.25 August 30, 2016 $6.68 September 14, 2016 $1.43
August 28-September 3 $5.25 September 6, 2016 $7.35 September 21, 2016 $2.10
September 4 – 10 $5.25 September 14, 2016 $7.61 September 28, 2016 $2.36
September 11-17 $5.25 September 21, 2016 $7.15 October 5, 2016 $1.90
September 18 – 24 $5.25 September 28, 2016 $5.45 October 12, 2016 $0.20
September 25 – October 1 $5.25 October 5, 2016 $5.45 October 19, 2016 $0.20
October 2 – October 8 $5.25 October 12, 2016 $7.07 November 24, 2016 $1.82
October 9 – October 15 $5.25 October 19, 2016 $7.11 December 5, 2016 $1.86
October 16 – October 22 $5.25 October 26, 2016 $8.22 December 5, 2016 $2.97
October 23 – October 29 $5.25 November 2, 2016 9.16 December 19, 2016 $3.91
October 30 – November 5 $5.25 November 9, 2016 $8.02 December 19, 2016 $2.77
November 6 – November 12 $5.25 November 16, 2016 $8.86 December 19, 2016 $3.61
November 13 – November 19 $5.25 November 23, 2016 $6.90 December 19, 2016 $1.65

The 2016 Halibut Schedule can be viewed here:

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