Fisheries sector calls for government rescue amid COVID-19 fallout

Sub-title: 

The fisheries industry says it deserves more help from the government to deal with a downturn caused by the pandemic, but some government officials insist that it’s business as usual in the sector.

Description: 

"Myanmar had its sights set on a record-breaking year for fishery exports until the coronavirus pandemic swept away orders, closed factories and jeopardised millions of jobs. Now industry sources say the sector needs government support to remain strong and survive well into the future. However, private sector stakeholders and the government offer vastly differing assessments of the impact of COVID-19 on the fisheries industry, one of the nation’s most important export earners. The Department of Fisheries under the Ministry of Agriculture, Livestock and Irrigation believes the sector has continued to thrive despite COVID-19, and has figures to justify its rosy assessment. They show exports are strong and rising, averaging just over $81 million a month in the fiscal year beginning last October, up from $60.16 million a month in 2018-19. Exports in the eight months to the end of May totalled US$651 million, compared to $722 million for the entire previous fiscal year and $700 million in 2017-18. Support independent journalism in Myanmar. Sign up to be a Frontier member. But industry figures poured water over any suggestion Myanmar could meet a $1 billion target set last year. They say exports began to slump from February, as buyers cancelled orders and Myanmar factories, including processing plants, were forced to temporarily close due to COVID-19 prevention measures..."

Creator/author: 

Kyaw Lin Htoon

Source/publisher: 

"Frontier Myanmar" (Myanmar)

Date of Publication: 

2020-06-12

Date of entry: 

2020-06-14

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Resource Type: 

text

Text quality: 

    • Good