Yan­gon Re­gion gov­ern­ment called upon to find a so­lu­tion for ris­ing mar­ket prices for fish and poul­try

The Myanmar Times - - Business - SU PHYO WIN su­phy­owin@mm­times.com

CON­CERNS have been raised in par­lia­ment over the ris­ing cost of poul­try and fish prices at the mar­ket.

Speak­ing dur­ing a sit­ting of the Yan­gon Re­gion par­lia­ment on Oc­to­ber 12, U Han Htun, Yan­gon Re­gion min­is­ter for agri­cul­ture, live­stock, forestry and en­ergy, said re­search was needed to un­der­stand the steep in­creases in mar­ket prices for the meat.

“Ris­ing com­mod­ity prices are linked to one an­other, so we need to find out what the main fac­tors driv­ing the in­creas­ing prices,” he said. “Although, if prices are fall­ing this may have an im­pact on the liveli­hood of the fish­er­men.”

U Hnin Oo, chair of the Myan­mar Crab and Fishery As­so­ci­a­tion, said that the Myan­mar Fish­eries Fed­er­a­tion is try­ing to ad­dress some of the fac­tors that are lead­ing to price hikes, like poor in­fra­struc­ture, volatile ex­change rate and de­plet­ing fish stock.

Farm gate prices for fish were not so high, he said; it was at the mar­ket where the pre­mium was be­ing added.

“The dif­fer­ence is more than dou­ble be­tween the fish farm gate prices and mar­ket prices,” he said.

“For ex­am­ple, if 1 viss [1.6kg or 3.6 pounds] of a cer­tain type of fish costs K3000 then it is more than K6000 by the time it gets to the mar­ket.”

Mean­while, in­come from fish ex­ports to Oc­to­ber has al­ready sur­passed the value achieved last fi­nan­cial year by more than US$28 mil­lion, ac­cord­ing to data from the Min­istry of Com­merce. From April to Oc­to­ber this year, in­come from fish ex­ports has reached close to $237 mil­lion, while for the en­tirety of last fi­nan­cial year fish ex­port in­come to­talled $208 mil­lion, the fig­ures show.

Photo: Aung My­inYe Zaw

A fish­er­man brings his catch on shore.

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