Fish exports decline in Maldives
Yellowfin tuna prices were volatile, the Maldives central bank said.
29 Oct 2018, 9:00 AM
The Maldives fisheries sector remained weak during the first half of 2018, with a 10 percent decline in exports due to a drop in tuna volume.
According to the central bank’s quarterly economic report, around 40,000 metric tons of fish were exported in the first half of 2017 but this amount dropped to 36,138 metric tons during the same period this year.
There was a significant fall in the volumes of skipjack tuna and yellowfin tuna, and a substantial increase in the volumes of canned or pouched tuna products.
“This decline can be attributed to the increased efforts to diversify the fisheries sector by adding more value to local tuna products,” the Maldives Monetary Authority said.
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