Monday, August 21, 2017

Fisheries exports on target: DOF

Fishers exports to July 23 had bettered those recorded to the same time last year by more than US$34 million, a Department of Fisheries (DOF) official said last week during the weekly Myanmar Fisheries Federation meeting.

“Last year we managed to export fisheries products worth $130.78 million by July 30 but by July 23 this year we have already exported $164.44 million,” said U Win Myint Maung, director of the Fish Inspection and Quality Control Division under the DOF.

The export target for the 2010-11 financial year is $700 million, and export values are about 24pc of that target about one-third of the way through the year.

U Win Myint Maung said the value of normal trade exports (via air or shipping lines) was $98.49 million, while the value of border trade exports was $65.88 million. These figures are $13 million and $21 million respectively above those recorded at this time last year.

Border trade exports to China via Muse accounted for $20.22 million, while exports to Thailand – through Myawaddy, Kawthoung and Myeik – amounted to $41.73 million

Exports to Bangladesh through Sittwe and Maungdaw earned $3.93 million, U Win Myint Maung said.

“Because of the landslide in Maungdaw, border trade to Bangladesh has been slightly decreased of late but it will recover as soon as the roads re-open,” he said.

“If we can export 30pc of the target within four months, we think we will make the target this year. It is a good sign that we can earn $164 million in exports by July 23,” said U Khin Ko Lay, director general of the DOF.