Maldives participates in largest seafood expo in N. America

Maldives stall at North American seafood expo — Photo: Ministry of Fisheries and Agriculture

Five parties represented the Maldives in the Seafood Expo North America and Seafood Processing North America, the largest seafood expo in the North America.

Big Fish Maldives Pvt Ltd, Ensis Fisheries Pvt Ltd, Horizon Fisheries Pvt Ltd, Maldives Industrial Fisheries Co. Ltd and Maldives Seafood Processors and Exporters Association represented the nation in the annual, three-day expo. Maldives Seafood Exporters and Processors Association is a government Business Council by Ministry of Economic Development

In the expo, the companies presented their product ranges including frozen fish, ready-to-eat, seafood-canned, seafood-dried, sushi, tuna, finfish, general category, other seafood and value-added seafood.

Fisheries Ministry say the purpose of participating in the expo was to find more opportunities for local exporters in the global market.

Ensuring stable market rates for fish in the global arena is vital for the Maldives, given that fisheries is the second largest sector in the country.

Statistics issued by the Fisheries Ministry show that by February 22nd, the prices in the Thai market for skip jack tuna was at MVR 23,901 per ton. This had dropped to MVR 22,359 per ton by the 15th of this month; a drop of 6.8 percent.

A kilo of big-eye tuna in Japan’s Metropolitan Market was at MVR 320.27 in the same period. This is also a drop from MVR 377.15 per kilo from the previous month.