The export earnings from fisheries sectors increased $ 101.88 million as of 12 June in the current 2019 – 2020 fiscal year when compared to the same period of previous year

23 Jun 2020
The export earnings from fisheries sectors increased $ 101.88 million as of 12 June in the current 2019 – 2020 fiscal year when compared to the same period of previous year

Export earnings from the fisheries sector during the period between 1 October and 12 June in the 2019-2020 financial year reached 683 million USD, an increase of 101.88 million USD compared to the same period of previous year, according to the statistics released by the Ministry of Commerce.

Myanmar exports fisheries products, such as fish, prawns, and crabs, to markets in 40 countries, including China, Saudi Arabia, the US, Japan, Singapore, Thailand, and countries in the European Union. However, Myanmar’s fishery export volume is much lower compared to neighboring countries.

The Myanmar Fisheries Federation (MFF) is making concerted efforts to increase fishery export earnings by developing fish farming lakes which meet international standards and adopting advanced fishing techniques.

The MFF plans to establish fish lakes, aqua feedstuffs processing factories, cold storages, and packaging factories, in cooperation with foreign experts.

At present, the fisheries sector is hit hard by the coronavirus outbreak. More than 3 million people are relying on this sector and the businesses need government’s support to keep surviving amid the pandemic, said MFF secretary U Win Kyaing.

There are over 247,000 acres of fish farms and 240,000 prawn breeding farms across the country.

 

(Myanmar International TV Channel: https://www.myanmaritv.com/news/fisheries-sector-export-earnings-fisheries-sector-increased )

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