YANGON, March 8 (Xinhua) — Myanmar’s Fishery Products Processors and Exporters Association has called for government-to-government negotiation over Saudi Arabia’s suspension of fishery imports from Myanmar which will start from April 1, the official Global New Light of Myanmar reported Thursday. Saudi Arabia’s imposition of ban on fishery imports from Myanmar along with Bangladesh and […]
Fish and prawn breeders required to adopt new breeding methods to enhance sector
Businessmen who are engaged in fish and prawn farming should adopt new techniques to enhance the sector, said U Win Kyaing, the general secretary of the Myanmar Fish Federation (MFF). MFF and non-governmental organisations have encouraged fish and prawn breeders to practice new breeding methods and discard the traditional methods. The aquatic resources in Myanmar […]
Foreign investment into lagging agriculture and fisheries sectors urgently needed: exporters
The next government should urgently seek investment in the country’s lagging and underfunded agricultural and fisheries sector, to help halt and reverse the decline in exports, traders said. Of the US$38.18 billion received in foreign investment over the past five years, a bare $208 million has been ploughed into agriculture, according to the Directorate of […]
Sliding scale: Fish exports slip away
Fish industry exports are likely to fall further this year as both over-fishing and under-investment continues to bite, officials from the Myanmar Fishery Federation (MFF) warned. Although the easing of sanctions opened up EU and US markets to exports, the industry cannot make the necessary investments in fish processing and refrigeration that it needs if […]
Investors avoiding fisheries
Foreign investors are staying away from Myanmar’s fisheries industry due to a lack of infrastructure and the prospect of prolonged returns, experts said. According to figures released last week by the Directorate of Investment and Company Administration (DICA), the fisheries and livestock sector has attracted just US$347.474 million between 26 companies, representing a mere 0.79 […]