Myanmar fishery export income set to double
Though Myanmar’s fishery export income took a dive for three straight years until 2015, industry players hold high hopes to rebound, given the slight increase last year and the potential continuation of growth this fiscal year ending on March 31. In FY2011-12, Myanmar could generate US$705.9 million (Bt24.7 billion) from fishery exports, after dropping for three years – from $624.18 million in FY2012-13 to $516.04 million in FY2013-14 and $421.07 in FY2014-15. Fishery exports increased slightly in FY2015-16, as Myanmar earned $469.52 million. As of today, in FY2016-17, the nation has generated around $450 mil-|lion and is likely to earn more than last year, according to the Commerce Ministry.
