MIFCO outprices private sector with fish purchasing rate increase to USD 1.30

MIFCO increased fish purchasing rate to USD 1.30 per kg on 9 June, up from USD 1.20 on 7 June, due to a nationwide downturn in fisheries production. Managing Director Mohamed Anas stated the price is supply-and-demand driven and aligned with government policies. Rates apply at processing facilities in Felivaru, Kooddoo, and Addu, and harbour centres in Thinadhoo, Faresmaathodaa, Gadhdhoo, Ihavandhoo, and Fuvahmulah City. The government is expanding cold storage and diversifying fish products to stabilize exports.

MIFCO increased fish purchasing rate to USD 1.30 per kg on 9 June, up from USD 1.20 on 7 June, due to a nationwide downturn in fisheries production. Managing Director Mohamed Anas stated the price is supply-and-demand driven and aligned with government policies. Rates apply at processing facilities in Felivaru, Kooddoo, and Addu, and harbour centres in Thinadhoo, Faresmaathodaa, Gadhdhoo, Ihavandhoo, and Fuvahmulah City. The government is expanding cold storage and diversifying fish products to stabilize exports.

MIFCO increased fish purchasing rate to USD 1.30 per kg on 9 June, up from USD 1.20 on 7 June, due to a nationwide downturn in fisheries production. Managing Director Mohamed Anas stated the price is supply-and-demand driven and aligned with government policies. Rates apply at processing facilities in Felivaru, Kooddoo, and Addu, and harbour centres in Thinadhoo, Faresmaathodaa, Gadhdhoo, Ihavandhoo, and Fuvahmulah City. The government is expanding cold storage and diversifying fish products to stabilize exports.

This story involves 1 source and may affect public understanding of price competition / fish purchasing.