Maldives Seafood Processors and Exporters Association (MSPEA) has disclosed the escalation of the recently deteriorated demand for Maldivian fish exports due to the re-opening of European markets following the ease of measures implemented to mitigate the impact of COVID-19 worldwide.
On Friday, MSPEA stated that the prices of products elevated. As such, Frozen yellowfin tuna sold in the market for MVR 25 since pandemic, is currently available for MVR 60 in the markets of Europe.
In the past months of Ramadan, there always happens to be a decline in fishing, leading to limited export of fishes to the European market. As there is a chance for suppliers to turn to other exporters, it is crucial for the Maldivian fishermen to make haste in reviving the export of frozen fish market as a means of holding its place, said MSPEA.
This is a golden opportunity for the fishermen to secure their role in the Maldives economy, said MSPEA. The company also expressed the significance of the industry amid pandemic. This service also serves as an opportunity for fishermen and their families to overcome financial difficulties faced with the current situation.
The Maldives Seafood Processors and Exporters Association (MSPEA) represents a number of the major the Maldivian tuna processing companies, including MIFCO and others, and is the certificate holder for the Maldives pole-and-line skipjack tuna fishery Marine Stewardship Council (MSC) certification. The group works to ensure that the MSC certificate can be upheld, providing the financial mechanisms to maintain the certificate in the longterm.