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13 August 2009

Myanmar eyes $35m from crab export in 2009-10

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Myanmar Crab Entrepreneurs Association have set the target of crabs export to $35 million in the present 2009-10 fiscal year starting April against the previous years' $31.5 million, local weekly Yangon Times reported Wednesday.

Mainly exported to China, China's Hong Kong and Taiwan through Muse border point and air route, the crabs export has fetched about $2.5 million dollars monthly, the report said, adding that one ton of crabs get $1,900 in the international market.

Myanmar has been trying to boost its marine export, targeting an export value of $700 million in the present fiscal year. The country's marine export dropped to $483 million in 2008-09 from $560 million in 2007-08.

China topped Myanmar's marine export markets, followed by Thailand, Japan and Singapore.

Myanmar's fishery sector remained the fourth largest contributor to the gross domestic product and also the fourth largest source of foreign exchange earning during the past five years.

With a long coastline of over 2,800 km and a total area of 500,000 hectares of swamps along the coast, the country has an estimated sustainable yield of marine products at over one million tons a year.


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