Fishing sector faces largest loss in history

Slippery struggle: With losses mounting, even if factories are allowed to reopen, there will be a shortage of fisheries supplies for processing. — AFP

MYANMAR’S fisheries sector will face its largest loss in history if demand does not pick up soon, said U Myo Nyunt, secretary of the Myanmar Fisheries Products Processors and Exporters Association (MPEA).

“Exports have collapsed. All international orders have been cancelled and we have not received any new orders from the European Union since they are all locked down,” he told The Myanmar Times yesterday.