Halibut surplus and competition on East Coast drives dock prices down

Halibut prices have fallen about $2 per pound, and decreasing demand has left plenty sitting in the freezer from last year. Billy Sullivan owns a small fish-buying operation in Homer, and he said years of historically high prices – about $20 to $30 per pound at your typical supermarket – have driven consumers away from purchasing Pacific halibut.,, Consumers are reluctant to buy expensive fillets in grocery stores and restaurants. A new competitor also is taking over a large portion of the market. “They went and found alternatives to expensive halibut and the East Coast fish fills in,” Sullivan said. >click to read<12:18

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