September 24, 2017

Seafood stocks depleted — Half of Myanmar’s seafood factories shut due to shortage of raw materials

Workers at Ocean Harvest (Myanmar) Limited’s factory in North Okkalapa Township, Yangon.
Workers at Ocean Harvest (Myanmar) Limited’s factory in North Okkalapa Township, Yangon.

Operations in approximately half of Myanmar’s seafood processing factories have been suspended due to a shortage of raw materials, according to Vice Chairman U Hnin Oo of the Myanmar Fisheries Federation.
Of the estimated 150 seafood processing factories nationwide, 80 have temporarily shut down, the vice chairman said. He attributed the shortage to depleted stocks.
“As Myanmar does not carry out breeding activities on a large scale, the sector relies on fishing for a livelihood. The production of fishing sector is now falling and we are facing a shortage of raw materials. As a result, about half of our factories had to be closed temporarily,’ U Hnin Oo told The Global New Light of Myanmar.
“In Vietnam and Thailand, factories rely on breeding as well as fishing for profits. This keeps production rates on an even keel,” U Hnin Oo added.
He suggested that the government should invest greater efforts into developing the capacity of the fisheries sector by offering assistance, research for breeders and infrastructure.
Myanmar’s fisheries exports dropped from 345,267 tonnes in the 2013-14 financial year to 338,210 tonnes in the 2014-15 financial year.

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