Fisheries product export fetched over US$400mil this FY

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A local merchant checks fish arrived early morning from farms at Sanpya Fish Wholesale Market in Yangon. Photo: Phoe Khwar

The export value of fisheries products as of 6th Jan in this fiscal year 2016-2017 reached US$404.366 million, which was up from US$336.791m in the similar period of last FY 2015-2016, according to the statistics of the Commerce Ministry.
The fisheries exports attained over US$668m in 2011-2012, over US$493m in 2012-2013 and over US$341m in 2013-2014. Exports then declined slightly.  In the 2015-2016 fiscal year, export values were up a bit at over US$469m.
“The erratic weather adversely affected fisheries production and fish resources, and offshore fishing does not look very promising. As a result of this, to boost the export volume, the fish farming sector should be prioritised,” said a representative of the fisheries sector. “All the stakeholders in the fisheries export supply chain, including the Ministry of Agriculture, Livestock and Irrigation and Myanmar Fishery Federation (MFF) need to exert the concerted efforts.”
Those engaged in Myanmar’s fish and prawn farming need to switch over to modern farming methods from the traditional methods, the MFF said.  Adopting the modern farming techniques can help to prevent the fish from infectious disease, increase the growth rate of fish and prawn and clean the farming lakes, according to MFF.
To control the quality of lake water, the farmers should conduct testing at the laboratories of the Fisheries department.  Saltwater and freshwater prawn farming businessmen are currently facing difficulties. Out of 27 hatcheries for freshwater prawns, only four are left due to difficulties in the reproduction process.  Similarly in saltwater farming, only some prawn farmers are able to farm prawns.  Only 40,000 tonnes of freshwater and saltwater prawns can be produced in the country, requiring that prawns are being imported from Thailand, it is learnt.—Ko Khant

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