Decrease in canned fish production amid decline in fishing activity

The Maldives Industrial Fisheries Company (MIFCO) has reported a significant decline in the production of canned fish due to reduced fishing activity during this period. This downturn has led to complaints from the public about the scarcity of seafood products or the availability of fish products in local shops.

In a statement to the media on the 16th of July, 2024, MIFCO explained that the reduced rate of fishing in the last few weeks was primarily responsible for the dwindling supplies of seafood in stores. The company emphasised that while there is no limit on the sale of canned fish, other types of fish can only be produced if the raw material is available. The company assured that once the fishery situation improves, store racks will be replenished.

Despite the current shortage, MIFCO confirmed that fish products would continue to be available in its stores as before. The fisheries sector has always been a critical component of the Maldivian economy, not only providing employment but also being the main source of protein in the average Maldivian meal. The recent decline in fish stocks and the subsequent impact on production has truly highlighted the sector's vulnerability to environmental and economic fluctuations.

Recently, the fisheries sector faced another challenge, which might have contributed to the reduced rates of fish products in the markets, as fishermen protested against uncleared amounts owed to the fishermen by the Government. The protests underscored the financial struggles within the industry and called for prompt government action to resolve payment issues. These events have drawn attention to the need for sustainable fisheries management and better support for those who depend on this vital industry.