A local fishing vessel has generated an MVR 1.5 million revenue within one day of weighing fish to Maldives Industrial Fisheries Company (MIFCO).
Addu City Maradhoo's vessel "Concord-2" weighed 60 tons of fish to MIFCO's factory on Friday, October 6.
The current government set a base rate of MVR 17 per kilogram, which was increased to MVR 25 per kilogram effective from September 16.
In 2022, a vessel from Gaafu Dhaalu atoll Madaveli weighed 57 tons of fish earning nearly MVR 1 million in revenue.
The vessel, "TS Line" weighed 57.152 tons of fish to MIFCO earning it a revenue of MVR 971,584.
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