MIFCO bought highest quantity of fish in its history in December

Fishermen dock at Felivaru to weight their catch. (File Photo/Sun/Najah Masood)

Maldives Industrial Fisheries Company (MIFCO) states last December marked the highest quantity of fish the company bought from fishermen in a single month in its entire history. 

MIFCO’s CEO Ismail Fauzy told Sun it was the result of an unusually good fishing spell, and the hard work of the company’s employees. 

December, in addition to being the month in which MIFCO bought the highest quantity of fish, was also the month the company paid the most to fishermen. 

Fauzy said MIFCO paid MVR 170 million to fishermen in December. 

Fauzy said MIFCO bought total 58,350.309 tonnes of fish last year, and paid fishermen MVR 901 million. 

He said MIFCO was working to implement the government's plan to develop the company’s resources. 

“As such, we identified there was a shortage of capacity at the Kooddoo harbor, and are working on that. We are also getting ready to increase the storage capacity in Kooddoo with a loan from the Saudi Fund,” he said. 

Fauzy said MIFCO was also working to increase storage in GDh. Thinadhoo and M. Muli. 

MIFCO had controlled the quantity of fish it weighs in face of an increase in supply on December 24. 

Fauzy said MIFCO has lifted the limit in Felivaru, and increased the limit to six tonnes per vessel in Kooddoo and Addu Fisheries Complex. 

With the changes to capacity, MIFCO can now purchase 400-500 tonnes of fish per day, he said.