Fisheries gross output worth RM14 bln last year: MOA

The gross value of fisheries output totalled some RM 14 billion last year, with the highest attributed through fish catch, and the remaining shared by aquaculture and land fisheries industries respectively.

The fish catch output value recorded at RM11 billion, while RM2.9 billion through aquaculture and the land fisheries (fresh water breeding etc) RM0.1 billion.

The Ministry of Agriculture and Agro-Based Industry secretary-general Datuk Munir Mohd Nawi said the fisheries industry has contributed at least 9.5 per cent of the Gross Domestic Product (GDP), providing business activities and creating employment opportunities to locals.
However, the total could have been more as the government had estimated a loss of RM6 billion every year, as foreign boats and trawlers continued to rob the national coffers.

Of the total, RM1.8 billion came from deep-sea fisheries and the remaining of RM4.2 billion came from the inshore fisheries.

Source: http://www.theedgemarkets.com/article/fisheries-gross-output-worth-rm14-bln-last-year-moa

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