With an excess supply of raw fish, the domestic price of dried fish has slumped by half, it is learnt from the fish paste and dried fish sellers.
The supply of raw fish is currently high. The dried fish market plunged by half starting in September, resulting from low demand in the market, said U Tun Sein, a dried fish seller.
While the domestic price is dropping, the export price of dried fish is normal, said U Soe Win Naing, the chairperson of the Fish Paste, Dried Fish and Fish Sauce Producers Association.
“The price of dried fish slumped by around Ks2,000, whereas that of some varieties decreased by half. We cannot blame on the excess supply of raw fish because the fishermen will catch as much as they can”, he continued.
“The price of dried fish declines sharply. The dried fish market is not doing well”, said U Khin Lat, a dried fish seller in Bayintnaung commodity depot.
Despite the low price of dried fish in the domestic market, the export price of the various dried fish has remained unchanged. Over 100,000 viss of shrimp paste is exported monthly to Thailand, it is learnt from the association.