Rare Optimism as Halibut Fishery Kicks Off

The Pacific halibut fishery opened on March 6 and increased catch limits combined with a cautiously optimistic outlook for the near future have fanned interest in buying shares of the popular fish.

In January, the International Pacific Halibut Commission boosted total halibut removals for 2021 by 6.5 percent to 39 million pounds for all users and as bycatch in fisheries of the West Coast, British Columbia and Alaska. That is higher than the total take for the past three years.

For commercial fishermen, the halibut catch limit of 25.7 million pounds is an increase of 2.6 million pounds over 2020. Alaska gets the largest chunk at 19.6 million pounds, and all regions except for the Bering Sea will see increased catches.

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