Maldives Industrial Fisheries Company Implements Major Price Increase for Skipjack Tuna Purchases

The Maldives Industrial Fisheries Company has officially announced a significant upward revision to its procurement pricing structure, increasing the purchase rate for skipjack tuna to twenty three Rufiyaa per kilogram for local fishermen operating across the archipelago.

This strategic price adjustment was formally implemented to coincide with national corporate celebrations and follows a series of systematic evaluations designed to provide better economic stability and higher financial returns to local fishing communities. Under the updated valuation framework, yellowfin tuna weighing over fifteen kilograms continues to be purchased at a steady rate of twenty five Rufiyaa per kilogram, while smaller yellowfin grades are processed according to established regional tier guidelines.

The enhanced purchase rates are currently applicable across all major industrial processing facilities operated by the corporation, including the primary complexes located in Felivaru, Kooddoo, and Addu City. Additionally, regional fish collection vessels and designated coastal collection hubs operating across various outer atolls are fully authorized to process catches at the new twenty three Rufiyaa per kilo rate.

Fisheries ministry representatives and corporate management leadership emphasized that maintaining strong, market responsive purchase floors remains an essential priority for safeguarding the livelihoods of local fishers against global seafood market fluctuations. By ensuring timely payments and stabilizing financial cash flows for the fishing fleet, the state owned enterprise aims to encourage continuous maritime activity and support the long term growth of the domestic fisheries sector.