ANALYSIS: The 2025 Pacific Halibut Season Begins Amid Quota Reductions and Tariff Uncertainty

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ANALYSIS: The 2025 Pacific Halibut Season Begins Amid Quota Reductions and Tariff Uncertainty

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ANALYSIS: The 2025 Pacific Halibut Season Begins Amid Quota Reductions and Tariff Uncertainty

The 2025 Pacific halibut fishery officially opened on March 20^th, launching under a cloud of challenges that continue to shape the market. The season begins amid concerns over low recruitment and a smaller exploitable biomass compared to 2024, prompting the International Pacific Halibut Commission (IPHC) to implement significant quota cuts. Adding to the uncertainty, the industry is closely watching the potential impact of new tariffs and concerns over a possible looming recession—both of which could influence trade flows and pricing in the weeks ahead...

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