Fisheries sector urged to explore new market opportunities

Fisheries sector urged to explore new market opportunities

The sector remains a key source of livelihoods and sustains the livelihoods of those dependent on fishing and aquaculture.

Kingdom’s fisheries sector must explore new opportunities beyond local markets, says a study by the Korea FAO Sustainable and Innovative Fisheries and Aquaculture Programme (KOFAP).

The document, prepared after carrying out a fisheries value chain analysis on the total output and distribution systems of fishing communities of Kratie and Stung Treng provinces, calls to explore new opportunities beyond the local markets. It further recommends strengthening fisheries management practices, including closed fishing seasons and stricter regulations, improving post-harvest handling to maintain fish quality, supporting financial inclusion to build economic resilience among value chain actors and promoting aquaculture to supplement fish supply.

“The fisheries sector in Cambodia is of vital importance because it enhances food and nutrition security, generates employment and income for many communities, and contributes significantly to the national economy,” the document said.

“Despite facing challenges such as declining fish biomass and inadequate management, the sector remains a key source of livelihoods and sustains the livelihoods of those dependent on fishing and aquaculture.

“The sector’s potential for value addition and market development also presents opportunities for economic growth and improved community well-being, making it an essential component of Cambodia’s overall development strategy.”

According to the key findings of the study, Kampi (Kratie province) and Ou Mreah (Stung Treng) have similar value chains with fishers, primary buyers, wholesalers, and consumers as primary actors though Kampi has additional fish processors.

“Most fish stay within the local community, with a mix of high, medium, and low-value fish. Fish are sold in various forms: live, fresh, preserved, and processed.

“Relationships among actors are informal, based on trust, with no formal agreements. Traders and retailers mention that fishers hold the power to set prices in their relationships.

“Constraints include declining fish stocks due to environmental factors such as storms, flooding, uncontrolled outside fishing, and high operational costs. Market limitations and inadequate post-harvest handling also hamper sector growth.”

The document emphasises that there is high demand for fish locally, and potential for expanding aquaculture to supplement wild catches. “Improving post-harvest practices and developing new markets can enhance income and product quality.”

Last month, the Senate approved the Kingdom’s draft fisheries law. The draft law has been worked out with the objective of managing, conserving and developing the fisheries sector with great efficiency. It also aims to ensure long-term food security along with sustainable economic growth for fishing communities.

The Food and Agriculture Organisation of the UN (FAO Cambodia) has hailed the development, terming it as an important attainment for the Kingdom’s fisheries sector and fishing communities.

khmertimeskh