Malaysian Fisheries Growth Authority to nominate firm to purchase fish for inventory to curb cartels’ monopoly

Malaysian Fisheries Growth Authority (LKIM) chairman Datuk Syed Abu Hussin Hafiz Abdul Fasal (left) handing over outboard engines to fishermen in Kampung Tebuk, Matang June 26, 2022. — Bernama pic

Sunday, 26 Jun 2022 5:42 PM MYT

BUKIT GANTANG, June 26 — The Malaysian Fisheries Growth Authority (LKIM) is making ready a young to nominate an organization to provide frozen fish.

LKIM chairman Datuk Syed Abu Hussin Hafiz Abdul Fasal stated the transfer would curb the cartels’ rising monopoly.

“The federal government by means of the corporate appointed by LKIM will purchase, retailer, course of and market fish on a big scale to forestall the cartels from monopolising the enterprise throughout the seasons of fish abundance,” he stated at a press convention after handing over outboard engines in Kampung Tebuk, Matang, close to right here, at present.

A complete of 46 fishermen on the Kampung Tebuk and Kampung Matang Gelugor jetties obtained the outboard engines costing RM494,000 to assist them enhance their revenue.

Syed Abu Hussin stated in the meanwhile, the provision of fish was experiencing excessive costs because it was being monopolised by cartels that purchased the fish in giant portions throughout a superb season.

He stated LKIM was assured that appointing an organization would stabilise or cut back the worth of fish out there.

“The difficulty of cartels shouldn’t be a brand new factor as they’ve already moved in to purchase fish on the touchdown places throughout the seasons of plentiful provide which enabled them to find out the market value,” he added. — Bernama