The Maldives Industrial Fisheries Company has paid fishermen MVR 276 million since President Mohamed Muizzu took office, though outstanding dues over a two-month period remain. Minister of Fisheries and Ocean Resources Ahmed Shiyam said the price rise for skipjack tuna from MVR 17 to MVR 25 per kilo has put the state and MIFCO under severe financial pressure.
Tracked MVR 17 Food prices
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Fisheries Minister Ahmed Shiyam and Finance Minister Mohamed Shafeeq, along with senior officials from both ministries, met on 27 November 2023 to discuss ways to ensure timely payments for fishermen.
Word for word from the report in Maldives Republic. Open the report
The price of skipjack tuna, which used to be sold at MVR 17 [per kilo], had been changed to MVR 25. With this price change, the administration is in a very difficult situation and especially MIFCO cannot find ways to increase its revenue,
If the price stays at MVR 25 [per kilo] next year, about MVR 1 billion should be given to the fishermen as subsidies
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According to the Minister, while there still remains an outstanding, MVR 276 million has been paid out to fishermen since President Muizzu took office.
Word for word from the report in Maldives Republic. Open the report
The state usually budgets money to fishermen, with MVR 250 million budgeted last year, however, with the change made to purchase prices, an additional MVR 250 million was required, Minister Shiyam said.
Word for word from the report in Maldives Republic. Open the report
with the change made to purchase prices, an additional MVR 250 million was required, Minister Shiyam said.
Word for word from the report in Maldives Republic. Open the report
The Ibrahim Mohamed Solih administration, during their last months in office, had raised the per kilo buying rate of skipjack tuna by 47 percent.
Word for word from the report in Maldives Republic. Open the report
“The price of skipjack tuna, which used to be sold at MVR 17 [per kilo], had been changed to MVR 25.
Word for word from the report in Maldives Republic. Open the report
“The price of skipjack tuna, which used to be sold at MVR 17 [per kilo], had been changed to MVR 25. With this price change, the administration is in a very difficult situation
Word for word from the report in Maldives Republic. Open the report
“If the price stays at MVR 25 [per kilo] next year, about MVR 1 billion should be given to the fishermen as subsidies,” the minister said
Word for word from the report in Maldives Republic. Open the report
