Aquaculture sector needs new strategies to reduce feed costs
Friday, July 20, 2018, 03:20 (GMT + 9)
Fish farmers in Myanmar have been forced to develop new strategies that would allow them to face certain challenges, such as rising fish feed prices and drop of exports to Saudi Arabia.
In this context, fish farmers are breeding fish to meet demand from China and doing their best to lower production costs, The Myanmar Times reported.
U Thet Muu, chair of the Myanmar Fish and Prawn Feed Manufacturers Association, explains that fish feed made from bran has risen 30 per cent in some places and that export demand from Saudi Arabia has tumbled since the Saudi Food and Drug Authority (SFDA) in April suspended temporarily fish and prawn imports from Vietnam, Myanmar, Bangladesh, and India after inspections at fishery facilities in Vietnam revealed poor hygiene standards.
Official statistics reveal that fishery exports to Saudi Arabia bring annual revenues of USD 25 million-USD... FULL STORY