Local fish exporters reduce price paid for catch
28 Nov 2013, 12:58 PM
Daniel Bosley
Local fish exporters have this week announced that they will be reducing the price paid to fisherman following a drop in global fish prices.
Horizon Fisheries, Koodoo Fisheries Maldives Ltd (KFML), Felivaru Fisheries and MIFCO have all reduced fish buying prices, telling local media that the price would increase along with global market prices.
Global fish prices are reported by local media to have dropped from US$2500 to US$1850, with Maldivian fishermen now receiving MVR18 per kg of fresh fish with ice, and MVR16 per kg without.
Ibrahim Manik of the Fisherman’s Union has suggested that leading government figures are amongst the country’s largest fish exporters.
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