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Economy MIFCO / Economy Maldives Impact 7.0/10 1 min read
Gov’t aims to maintain fish price at USD 1.30 per kilogram

Gov’t aims to maintain fish price at USD 1.30 per kilogram

President Dr Mohamed Muizzu stated the government aims to keep the fish purchase price at USD 1.30 per kilogram during the second episode of The Pulse podcast. He highlighted achievements in the fishing industry and ongoing efforts to strengthen the sector. The Maldives Industrial Fisheries Company (MIFCO) attributed the price increase to improvements in capacity and management. The government plans to expand fish storage facilities and value-added processing. The President expressed hope that UK tariff concessions on Maldivian fish exports will continue. He noted that restructuring state-owned enterprises will benefit the wider economy, including fisheries.

President Dr Mohamed Muizzu stated the government aims to keep the fish purchase price at USD 1.30 per kilogram during the second episode of The Pulse podcast. He highlighted achievements in the fishing industry and ongoing efforts to strengthen the sector. The Maldives Industrial Fisheries Company (MIFCO) attributed the price increase to improvements in capacity and management. The government plans to expand fish storage facilities and value-added processing. The President expressed hope that UK tariff concessions on Maldivian fish exports will continue. He noted that restructuring state-owned enterprises will benefit the wider economy, including fisheries.

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PSM News

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Jun 20, 2026

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President Dr Mohamed Muizzu stated the government aims to keep the fish purchase price at USD 1.30 per kilogram during the second episode of The Pulse podcast. He highlighted achievements in the fishing industry and ongoing efforts to strengthen the sector. The Maldives Industrial Fisheries Company (MIFCO) attributed the price increase to improvements in capacity and management. The government plans to expand fish storage facilities and value-added processing. The President expressed hope that UK tariff concessions on Maldivian fish exports will continue. He noted that restructuring state-owned enterprises will benefit the wider economy, including fisheries.

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