MIFCO Raises Per-Kilo Buying Rate of Skipjack Tuna by 47%

Maldives Industrial Fisheries Company (MIFCO) will increase the per-kilogram buying rate of skipjack tuna from MVR 17 to MVR 25 starting 17 September, a 47% jump. The increase aims to revitalize the fisheries industry, supported by successful government efforts to reduce duties on fish exports to Europe and the UK, which previously taxed imports at 22%. The move also comes as presidential candidates committed to raising the purchase price during the election run-off. MIFCO, incorporated in 1993, is a state-owned enterprise.

Maldives Industrial Fisheries Company (MIFCO) will increase the per-kilogram buying rate of skipjack tuna from MVR 17 to MVR 25 starting 17 September, a 47% jump. The increase aims to revitalize the fisheries industry, supported by successful government efforts to reduce duties on fish exports to Europe and the UK, which previously taxed imports at 22%. The move also comes as presidential candidates committed to raising the purchase price during the election run-off. MIFCO, incorporated in 1993, is a state-owned enterprise.

Maldives Industrial Fisheries Company (MIFCO) will increase the per-kilogram buying rate of skipjack tuna from MVR 17 to MVR 25 starting 17 September, a 47% jump. The increase aims to revitalize the fisheries industry, supported by successful government efforts to reduce duties on fish exports to Europe and the UK, which previously taxed imports at 22%. The move also comes as presidential candidates committed to raising the purchase price during the election run-off. MIFCO, incorporated in 1993, is a state-owned enterprise.

This story involves 1 source and may affect public understanding of fisheries / economy.