US – The basic laws of supply and demand are resulting in a nice pay day for Alaska halibut and sablefish harvesters. Prices for both fish are up by more than a dollar a pound compared to the same time last year.
Fresh halibut has been moving smoothly and demand is steady since the fishery opened in early March, said a major Kodiak buyer, where dock prices were reported at $6 a pound for ten to 20 pounders, $6.25 for halibut weighing 20 to 40 pounds, and $6.50 for “40 ups.”
At Homer and in Southeast Alaska, halibut prices have yet to drop below six bucks a pound, said local processors. Dock prices at Homer last week ranged from $6.50 to $7.00 per pound “for very small loads.”
At Southeast, after reaching a high of $6.75 at Easter, halibut prices were $6.60/$6.40 /$6.10 per pound. Processors are reporting “strong halibut catches and lots of nice fish”. The fresh fish is being flown out almost daily from Southeast and distributed in small lots to markets all over the US. Alaska’s total halibut catch this year is close to 16 million pounds.
For sablefish, commonly called black cod, longliners are benefitting from “bare cupboards” and strong demand by buyers in Japan, where the bulk of Alaska’s catch goes. Last year, holdovers in freezers pushed prices down 40% to the $5 to $3 per pound range, depending on fish size.
Black cod is usually priced in five weights, ranging from under three pounds to over seven pounds. At Kodiak the breakout was $6.75 – $5.75 – $5.00 -$4.50 and $4.00. Sablefish prices at Homer were running between $4 and $7 a pound. Southeast processors reported prices at $5.30 to $7 a pound at the docks. Alaska’s sablefish catch this year is about 24 million pounds. Most deliveries are going to Seward, followed by Kodiak and Homer.