Fisheries
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BusinessFisheries revenue plummets as purchases collapse by 60 percent
Fisheries revenue has plummeted as fish purchases dropped by 60% in the first half of the year. Skipjack tuna saw the sharpest decline, falling over 65%, leading to a significant loss in export earnings. If this trend continues, annual revenue is projected to fall nearly 45% compared to last year.
NewsBKMU expresses concern over unfair prices and prolonged delays
The Big Yellowfin Tuna Fishermen's Union (BKMU) is protesting unfair low prices and long harbor delays that force fishermen to sell degraded catch at a loss. Despite government pledges of higher rates, prices remain near MVR 35 per kg, leaving fishermen spending more time in queues than at sea, severely impacting their livelihoods.
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"Govt no longer provides subsidies to MIFCO for fish purchase"
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Muizzu blames MDP govt for decline in number of local fishers
Business
MIFCO raises fish prices to MVR 18.50
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UK suspends tariffs on all tuna imports
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MIFCO reverses canned tuna price hike hours after implementation
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MIFCO raises tuna can prices after elections despite government assurance
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Fishing in the north slows down due to high oil prices
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BKMU Fishermen end week-long protest
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Protesting fishers demand resignations
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Fish purchasing price at MVR 16 per kilo
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MP Mauroof remanded in custody for five days
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Gulper sharks listed in Appendix II of CITES
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Big subsidy to MIFCO despite lower fish purchasing price
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Gulper shark fishery will be allowed for seven months every year
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Open letter against re-establishing gulper shark fishery
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Fishing industry at lowest point in 26 years
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MIFCO to purchase USD 25 million Ensis cannery
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