MIFCO to Buy Fish Over One Kilo at MVR 16 Rate Starting Tomorrow

President Dr. Mohamed Muizzu has stated that the state fisheries company, MIFCO, has decided to change the size of skipjack tuna eligible for the best price from 1.5 kilos to fish weighing over one kilo, which will be bought at the company's highest rate starting tomorrow.

Announcing this at the official ceremony held by the government in R. Dhuvaafaru to mark the 45th Fishermen's Day, the President said that starting tomorrow, MIFCO will buy fish weighing over one kilo for a minimum of 16 Rufiyaa.

"As a result of the work done so far with MIFCO and the Fisheries Ministry, one of the main changes we are bringing starting today is changing the purchase of fish at the highest rate from one and a half kilos to fish weighing one kilo and above," the President said.

The President noted that although the highest rate for buying fish at MIFCO was previously 16 Rufiyaa, with the change in policy, the company will have the opportunity to weigh fish at a higher price.

"This means if MIFCO can buy at 17 Rufiyaa that day, or 18 Rufiyaa, or even higher, MIFCO will determine the highest price they can buy at that time. The minimum is 16 Rufiyaa," the President said.

President Dr. Mohamed Muizzu has previously assured that he will fulfill his presidential pledge to increase the price of fish bought from fishermen by MIFCO to 20 Rufiyaa per kilo. However, he stated that this would be done by establishing arrangements to provide that price permanently.