ANALYSIS: East Coast Halibut Prices Feel the October Effect
The quiet October demand for seafood has impacted market prices for many species. East coast halibut is one species that has experienced the October effect. Current market prices are trending 26% below their 5-year average at a time when market prices historically move higher. Compared to this time last year prices are down 28%. Imports typically peak in the summer months and decline as the fall weather impacts fishing efforts. Census import numbers through August indicate total imports are up 4.5% YoY, with imports from Canada up 1.7%...
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