News trade / MMA Maldives Impact 8.0/10 2 min read

Fish Exports Fall Nearly 50% in January

Fish exports fell nearly 50% in January 2024 compared to the same period in 2023, dropping from 8,500 to 4,500 metric tonnes. The decline was driven by a 49% drop in skipjack tuna exports (2,200 tonnes vs 6,100 tonnes). Canned fish exports fell by 55%. In 2023, total fish exports were 78,000 metric tonnes. Ensis Fisheries, a major private exporter, shut down citing unsustainable prices after the previous administration increased the per-kilo buying rate from MVR 17 to MVR 25.

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Maldives Republic

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Published

Mar 5, 2024

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📋 Story Brief

Fish exports fell nearly 50% in January 2024 compared to the same period in 2023, dropping from 8,500 to 4,500 metric tonnes. The decline was driven by a 49% drop in skipjack tuna exports (2,200 tonnes vs 6,100 tonnes). Canned fish exports fell by 55%. In 2023, total fish exports were 78,000 metric tonnes. Ensis Fisheries, a major private exporter, shut down citing unsustainable prices after the previous administration increased the per-kilo buying rate from MVR 17 to MVR 25.

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Focus: Fish Exports Fall Nearly 50% in January

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18:13

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Maldives Republic

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