Govt Initiates Effort to Prevent Maritime Intrusion

Published On November 27, 2024
11:56 am

Total Views: 0

Industry: Fisheries

Thousands of Indian fishermen allegedly trespassing into Bangladesh’s maritime boundary, even during fishing bans, has prompted officials to propose forming a quick-response committee. On 2024-11-25, at a workshop held by the Department of Fisheries (DoF), the Fisheries and Livestock Adviser suggested a team comprising the DoF, Bangladesh Fisheries Research Institute (BFRI), Coast Guard, Naval Police, and Navy to curb foreign intrusion. Emphasizing the importance of scientific approaches, she called for better communication with Indian authorities, accurate identification of breeding periods, and stricter action against illegal fishing nets and manufacturers.

Officials underscored the need for sustainable marine resource management. The BFRI proposed seeking international recognition for fishing bans, while the Fisheries Development Corporation stressed safeguarding Hilsa breeding cycles. Despite increased fish availability, stagnant prices highlight gaps in the supply chain. The adviser also urged the Ministry of Industries to revoke licenses of illegal net manufacturers and called for capacity enhancement of trawler-based fishermen to ensure resource conservation.

Source for more details:

The Financial Express

Shrimp Exports Halve in 7 Years Shutting 109 Units

March 4, 2025

Shrimp exports in Bangladesh have halved over the past seven years, forcing many processing units to shut down. Out of 109 registered factories, only 48 remain operational—30 in Khulna and 18 in Chattogram—due to a severe raw material shortage, with factories receiving just 7% of their required shrimp input.

Marine Fish Harvest Drops to 628,622 Tonnes in FY 2023-24

March 1, 2025

Marine fish harvest in Bangladesh declined for the second consecutive year, with catches from the Bay of Bengal falling to 628,622 tonnes in FY 2023-24, the lowest in nine years, marking a 13% year-on-year drop, according to the Department of Fisheries (DoF).

BD Ranks Second Globally in Freshwater Fish Production

January 1, 2025

Bangladesh has made significant progress in fish and meat production, securing a comfortable position in ensuring food security. According to the FAO's The State of World Fisheries and Aquaculture 2024 report, the country has moved to second place globally in freshwater fish production, producing 1.32 million tonnes.

BFFEA Seeks Higher Dollar Rate for Shrimp Exports

December 26, 2024

The Bangladesh Frozen Foods Exporters Association (BFFEA) has urged the government to raise the dollar exchange rate for frozen shrimp and fish exports from Tk 118.90 to Tk 125.50. In a letter to the finance ministry, BFFEA highlighted rising costs, including high loan interest rates, electricity bills, and packaging expenses, which are straining exporters. The sector, exporting to 55 countries, has long contributed to the economy by earning foreign exchange and generating rural employment.

Beach Hatchery Announced 10% Cash Dividend

November 28, 2024

Beach Hatchery, a publicly listed agro-based firm, has announced a 10% cash dividend for its general shareholders for the fiscal year 2023-24, marking the highest payout in years. The company posted earnings per share of Tk2.03, which is 118% higher compared to the previous year. Despite the dividend declaration, the company’s share price fell by 2.63%, closing at Tk96.20 on November 27, 2024.