High prices in 2011 left surplus halibut in freezers as consumer demand waned


“High fish volumes and high prices in 2011 made for a very, very good year in Petersburg,” according to comments by Dave Ohmer at Wednesday’s Rotary Club meeting. Despite lower quotas for halibut in Area 2C, higher prices helped to make up for lack of volume.

Historically high prices that averaged $6.61/lb. for halibut according to industry data, with accompanying prices for black cod, were good for fishermen. Buyers however, pulled back on purchases leaving over three million pounds of halibut and some inventories of black cod in the freezers which has brought opening prices for both...

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