The 2017 total allowable catch of 40.75 million pounds was adopted for a few months before reaching an agreement of 27.93 million pounds for the 2018 season.

A reduction of 38 percent year-to-year followed a "more restrictive" approach across all areas from both NOAA and the Department of Fisheries and Oceans in Canada across.

--- Inventory holdings are still quite high, several processors indicate holding product from even as far back as 2017 production.

Pricing trends have had no particular pattern this season, hovering between $11.00 and $12.00 per pound since August for single frozen 1-3 pound deep skinned halibut fletches.

--- This is considerably lower than the same time in 2017 when prices were between $14.75 and $15.25 per pound on the West Coast.

Pricing this year is still indicative of too much supply in the market, and with increased supply potential from a higher quota, the market will be difficult to predict.

--- And Finally, our TradexLIVE offer of the week is for SINBAD 7-9oz IQF Pangasius fillets.

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