Mozambique: Mozambican commercial fishing sector contracts 19 pct in 2008

12 March 2009

Maputo, Mozambique, 12 March – The Mozambican commercial fishing sector contracted 19 percent year on year in 2008, a source from the Mozambican Fisheries Ministry told Macauhub.

The same source, who declined to be named, said that in the period the fish farming sector, which is a government priority to ensure the population ahs access to protein, also saw a drop of 36 percent.

The reasons given for this are, amongst others, a lack of funds for public investment projects in these sectors.

The crisis affecting the fishing industry over the last few years, related to the high cost of the operation, led to the situation in that period, the source told Macauhub.

Basically the industrial fishing sector in 2008 suffered due to high fuel prices in the country, which were also the result of the high price of crude oil on the international market.

The source also said that the fall in the price of shrimp, which is one of Mozambique’s main export products, had also been a driving force behind the drop in overall performance of the sector.

The country this year expects to post revenue of US$95 million from exports of 8,000 tonnes of shrimp and 2,000 tonnes of king prawns, amongst other products. (macauhub)