March 01, 2017

Breaking News

Fisheries export value up by over US$86million

Fish are seen at Sanpya Fish Market, Yangon, on 7 January 2017.

The export value of fisheries product from 1st April to 17th Feb in the current fiscal year increased by US$86.7million when compared to last year.
The fisheries exports this year as of 17th Feb fetched US$483.994mil, whereas the export value of fisheries last year was US$397.294mil, according to the statistics of the Commerce Ministry.
Fisheries exports attained over US$668mil in 2011-2012, over US$493mil in 2012-2013 and over US$341mil in 2013-2014. The figure was witnessed to decline slightly. And then, the export value was a bit up in 2015-2016 FY with over US$469mil.
Erratic weather adversely affected fisheries production and fish resources, and offshore fishing does not look very promising, officials said. To boost export volume, 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 concerted efforts, officials said.
Those engaged in Myanmar’s traditional fish and prawn farming need to switch over to a modern farming method. Adopting modern farming techniques can help to protect the fish from infectious disease, increase the growth rate of fish and prawn and clean the farming lakes, according to MFF.

 

Ko Htet

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