ANALYSIS: Pacific Halibut Market Update: Quota Cuts, Tight Supply, and Record Prices

The 2025 Pacific halibut fishery, which opened on March 20th, is off to a challenging start amid a mix of regulatory pressure and unfavorable early season weather. Disruptions to fishing efforts across key areas have led to a sharp decline in landings, with year-to-date totals through Week 18 (May 4th) down 28.55% from the same time last year and 25.63% below the five-year average. According to Alaska-based industry sources, the Southeast region is running ahead of schedule, while the Gulf of Alaska lags...
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