ANALYSIS: Halibut Squeeze as Record-Low Pacific Quotas Meet Atlantic's Characteristic Volatility

The 2026 Pacific halibut season has opened at historically elevated price levels, with initial market values closely aligned with where the 2025 season finished. This firm start comes as the 2026 coastwide quota was set at 29.33 million pounds, the lowest total allowable catch in the more than 100-year history of the fishery, reinforcing an already tight supply outlook. U.S. allocations were mostly unchanged from last year, while British Columbia’s quota was reduced by about 7 percent, reflecting continued stock concerns under the International Pacific Halibut Commission's...
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