Halibut prices are high and stand to climb even higher in 2011 as the Pacific fishery faces severe quota cuts, tightening up an already limited supply.

The supply picture should clear up by month’s end, just in time for the season to kick off in early March. But if scientific recommendations are followed, there could be close to one-fifth fewer fish to go around.

International Pacific Halibut Commission (IPHC) scientists in December recommended a 2011 halibut quota of 41.02 million pounds, afte