December 23, 2016

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Fisheries eye recovery — Govt gives fingerlings to flood-hit fish farmers

Workers sort through the afternoon catch at a fish market in Kyimyindine Township in Yangon.
Workers sort through the afternoon catch at a fish market in Kyimyindine Township in Yangon.

The Ministry of Livestock, Fisheries and Rural Development has given out K150 million (US$117,000) worth of fingerlings to farmers as part of its attempt to rehabilitate the flood-hit fisheries sector, it said on Wednesday.
Ministry Secretary Dr Khin Zaw said that the ministry will work alongside the Myanmar Fisheries Federation to distribute the baby fish so as to ensure that farmers can re-start their businesses in time for the breeding season.
In addition to providing the fingerlings, the ministry has spent more than K101 million (US$79,000) to prop up the sector since late July, when Myanmar was hit by the most severe flash flooding in a century.
The country’s private fisheries sector is estimated to have lost more than K24 billion (US$97 million) while the livestock sector has lost more than K5 billion (US$3.9 million), according to the Ministry of Social Welfare, Relief and Resettlement.
The ministry’s Rural Development Department also announced that it will cost around K 28 billion to rebuild infrastructure damaged by the floods.

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