The government has launched a national roadmap for the aquaculture industry to develop the sector and to illustrate the market opportunities and hurdles.
The Ministry of Agriculture, Livestock and Irrigation launched the National Aquaculture Development Plan 2019-2023 on March 13. The plan aims to provide policy and institutional framework for sustainable development of Myanmar’s aquaculture sector.
The National Aquaculture Development Plan will be in close alignment with other economic development plans such as the Agricultural Development and Investment Strategy, Multi-sectoral National Plan of Action on Nutrition and Myanmar Sustainable Development Plan.
The output of aquaculture increased incrementally at 4 percent every year from 0.75 million metric tonnes to 1.13 million metric tonnes between 2008 and 2016 while the output of capture fishery rapidly rose at 7.47pc annually from 2.77 million metric tonnes to 4.74 million metric tonnes.
Since 2016 the growth rate of aquaculture has risen markedly at 3.38pc in 2016-2017, and 7.79pc in 2017-2018, while that of capture fishery decreased at 1.1pc in 2016-2017, and 2.6pc in 2017-2018.
Developing the aquaculture sector will create plenty of employment opportunities in rural areas. The NADP outlines a broad range of activities to achieve as many as 33 aquaculture development targets. It has a budget of US$125.7 million from 2019 to 2023.
Source: Myanmar Times