Businesses in Thailand refuse to agree to term proposed by MIFCO to reduce fish rejects. CEO of MIFCO states that regardless of this, there are people in other countries that will adhere to the company's terms.
Managing Director and CEO of Maldives Industrial Fisheries Company (MIFCO) has declared that despite negotiations with Thai businesses to reduce the amount of damaged fish rejects exported from MIFCO, these businesses has refused to agree to it.
Speaking at the parliamentary Committee on State Owned Enterprises, Shamah disclosed that he had visited Bangkok quite recently to meet buyers of fish in Thailand in order to resolve the problem of a large number of fish exported by the company being cast away as rejects.
Samaah said that MIFCO proposed fish graders to remain in the country under their expense to review the quality of the fish before exporting it and stated that this will allow rejected levels to diminish exponentially.
"I suggested the buyer to send their graders to Maldives. However, each kilo loaded after the grader grades and approves it must be paid for. This cannot be done any other way," he said.
Revealing that these businesses in Thailand had refused to agree to these policies, Shamah divulged that the businesses had said that there will be no one who will purchase fish from MIFCO in such a manner.
Regardless, Shamah asserted that this stand of MIFCO has been maintained without relinquishing and assured that there are people who will agree to the terms proposed by MIFCO in Japan, Italy and Spain as of present.
He had further disclosed that the rejection of fish is one of the biggest contributors to the losses incurred by the company.
Shamah said that 500-800 tons of fish may be rejected for each 3000 tons of fish exported. He alleges that, however, there are underhand issues involved, and that he has caught wind of rumors that a specific party may be benefitting from this.
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