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November 14, 2019

Fisheries export revenue declines at Thai-Myanmar border gates these days

Workers process fish at a seafood factory in Yangon. Photo: Phoe Khwar
Workers process fish at a seafood factory in Yangon. Photo: Phoe Khwar

Export earnings from fisheries sector at Thai-Myanmar land points of entries are recently decreasing, U Myint Zin Htoo, the deputy director-general of Fisheries Department.
Between 1st and 10th November, more than 7,349 tons of fisheries products were shipped out of three Thai-Myanmar border gates-Myawady, Myeik and Kawthoung, but, thereafter, export volume is on downward trend and down to 5,130 tons.
The fisheries export volum of this fiscal year is up compared to that of last FY but it drops against last week.
As of 10th November this FY, export income from fisheries sector through 16 border gates and sea route reached more than US$370 million.
Permit for fishing vessels is planned to reduce from 30 to 20 per cent next year. Therefore, fish farming sector needs to be enhanced. The fishery export sector attained the highest income of over US$650million in 2012-2013 FY and thereafter, the value of fishery export gradually declined due to erratic weather and scarcity of fish resource caused by illegal fishing methods. Myanmar’s fishery sector is endeavouring to shift to modern farming system from traditional method. –GNLM

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