MIFCO Acquires 39,601MT Fish from Fishermen

Maldives Industrial Fisheries Company (MIFCO) has collected 39,601 metric tons (MT) of fish from fishermen as of last week.

According to recent data released by MIFCO, the company saw a 30% increase compared to the same period in 2022, marking a 30% increase compared to the same period in 2022.

The Addu fisheries complex experienced a 68% increase in fish collection. The Kooddoo Fisheries Complex witnessed a 30% increase, whereas the Felivaru Fisheries Complex observed a modest 6% uptick in tuna collection.

The surge in tuna collection has also translated into improved financial compensation for fishermen. MIFCO disbursed a total of MVR 659 million to fishermen so far this year, representing a substantial 33.9% increase compared to the previous year’s payment of MVR 457 million.

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