Fishery exports see increase in past four and half months

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

Fishery exports in the past four and half months is worth nearly US$220 million, which is up by 17.5 million compared to that in a similar period of last FY 2017-2018, according to data released from the Commerce Ministry.
Myanmar exports only raw fish materials, but value-added products are still required to enhance the sector.
The Myanmar Fishery Federation is making concerted efforts to adopt advanced farming technologies to enhance the fishery export sector.
Fishery products, including prawns, crabs, squid, eels, shrimp, dried shrimp and dried fish were exported to Thailand through the Kawthoung and Myeik border trade gates and to China through the Muse gate.
Also, they are shipped to many foreign markets such as Hong Kong, Japan, South Korea, the Middle East, Europe and the United States. However, exports to Western countries are still limited, due to their high standards for food safety.
A total of 568,227.327 metric tons of fishery products, worth US$717.7 million, were exported to foreign trade partners in the 2017-2018 FY. The figure is the highest volume in 20 years, according to an official release by the Ministry of Agriculture, Livestock and Irrigation.
There are over 408,000 acres of fish and prawn lakes across Myanmar.

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