EP 320 | AIRED 01/30/2017

The 2017 Halibut Quota Released, We Get Exclusive Info from the Halibut Commission

January 30, 2017 - Welcome to The Tradex Foods "3-Minute Market Insight" This is Robert Reierson and here is the seafood news for the week of January 30th, 2017.

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--- The International Pacific Halibut Commission was here in Victoria B.C. last week discussing the catch limits for the 2017 Halibut fishery. If you recall, the 2016 quota was set at 29.89 million pounds, up about 3 percent from the year prior. It was rumoured that the federally-managed Pacific Halibut fishery decisions could be delayed by 2 months under President Trump's administration, but it was confirmed that this topic was not discussed during last week's seminars. We were there LIVE on Friday to see the quota announcement in real-time. [clip of the quota announcement] [KYLA VOICEOVER] The Commission approved a total catch limit for 2017 of 31.4 million pounds, including 7.45 million pounds for Area 2B in British Columbia. The season will run from March 11th to November 7th this year. [Rob] Afterwards, we spoke with Dr. David Wilson, the Executive Director of the IPHC to discuss the individual quota system and market pricing. [KYLA VOICEOVER] We caught up with Dr. Wilson to ask how he sees Halibut prices coming down to a marketable price level for the consumer. [cLIP 1] After announcing a 5 percent increase in the quota for 2017, we asked Dr. Wilson for his overall thoughts on this year's fishery. [CLIP 2]. ----Thank you for joining me for the Tradex Foods "3-Minute Market Insight" This is Robert Reierson - “BUY SMART” and “EAT MORE SEAFOOD"

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