With a view to scaling up fishery export volume, discussions on cooperation with Viet Nam’s companies is ongoing, according to an announcement of the Myanmar Fishery Federation (MFF).
Currently, fishery products are being shipped to European Union countries, but only a small volume can be exported because of a lack of production.
“Viet Nam possesses strong capacity in fish and meat production, and so we have decided to cooperate with Viet Nam companies to enhance Myanmar’s fishery industry”, said U Hnin Oo, the vice chairman of MFF.
A delegation including officials from the MFF attended a meeting in Ho Chi Minh City to introduce the International Exhibition and Conference on Agriculture, Livestock, Aquaculture, Fisheries for Cambodia and Myanmar.
The exhibition will be held from 2nd to 4th August in Phnom Penh, Cambodia and from 27th to 29th September in Yangon, Myanmar, offering a good opportunity to understand more about those markets and explore business and investment opportunities.
In addition to showcasing the latest technologies and equipment as well as agriculture, livestock and fisheries products, the international agricultural exhibitions in Cambodia and Myanmar will also feature business matching between suppliers and distributors and professional conferences and seminars to help the participants realise the investment opportunities of the two markets.
Fisheries exports attained over US$668mil in 2011-2012, over US$493mil in 2012-2013 and over US$341mil in 2013-2014. Then the export value was a bit up in 2015-2016 with over US$469mil and US$ 556.476million as of 24th March this FY 2016-2017.
Erratic weather adversely affects fisheries production and fish resources, and offshore fishing does not look very promising. As a result, to boost the export volume, the fish farming sector is required to prioritise and concerted efforts are needed to be exerted by all the stakeholders in the fisheries export supply chain, including the Ministry of Agriculture, Livestock and Irrigation and Myanmar Fishery Federation (MFF), officials said.
Those engaged in Myanmar’s fish and prawn farming need to switch over to a modern farming method from the traditional one. Adopting modern farming techniques can help prevent the fish from infectious disease, increase the growth rate of fish and prawn and clean the farming lakes, according to the MFF.