Fishery export income up by US$74 million over past nine months

Labourers processing fish for export at a marine product factory.  Photo: Phoe Khwar 
Labourers processing fish for export at a marine product factory.  Photo: Phoe Khwar 

Export earnings from fishery sector as of 8th December in current FY amounted to about US$434 million, which is an increase of $74 million compared to that of last FY, according to the statistics released by the Commerce Ministry.
Fishery export at Thai-Myanmar border land points of entry- Myawady, Kawthoung and Myeik increased more than last FY.
Myanmar fisheries are exported to markets of European Union countries, America, Japan, Singapore and Thailand.
Local fishery sector is faced with difficulties due to high price of aquatic feedstuff.
Also, there has illegal inflow of fishery from Thailand, prompting authorizes to conduct surprise check.
The fishery export sector attained the highest income of over US$650million in 2012-2013 FY and thereafter, the value of fishery export gradually declined due to erratic weather and scarcity of fish resource caused by illegal fishing methods.
Myanmar Fishery Federation (MFF) is exerting concerted efforts to increase fishery export earnings by developing fish farming lakes which meets international standard and adopting advanced fishing techniques. — Htet Myat

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