Fishing profits drop because of fuel costs - Agriculture

Updated

June, 30 2012 09:32:11

Fishing profits drop because of fuel costs

HCM CITY — Thanks to favourable weather and new and repaired fishing boats, fishermen have been netting more fish offshore of central provinces, but their incomes have fallen due to higher production costs.

For the first half of the year, fishermen in Thua Thien – Hue Province caught a total of more than 16,000 tonnes of various fish species, up 4 per cent against the same period last year, according to the province's Department of Agriculture and Rural Development.

During this period, Thua Thien – Hue fishermen also repaired 23 fishing boats, built 20 new boats and bought six fishing boats from other provinces.

The province has 226 offshore fishing boats, each with an engine of more than 90Hp.

In Da Nang, fishermen caught a total of 19,500 tonnes of various fish species in the first five months of the year, an increase of 27 per cent year-on-year. Da Nang has 94 groups of fishing boats with a total of 683 boats.

The fishermen also received financial support from the city's People's Committee.

Although more fish were caught, fishermen incomes fell due to higher production costs, mostly due to fuel costs.

The price of diesel oil in the first six months of the year rose by VND1,863 a litre.

Since March, fishermen in Quang Nam Province have been able to stay longer at sea, with a higher catch volume, because of favourable weather conditions.

Quang Nam fishermen have built 39 new fishing boats this year, with 37 having engine of more than 90Hp.

Nguyen Van Gioi, head of the Quang Nam Province's Sub-department of Exploitation and Protection of Fisheries Resources, said offshore trawl fishing and cuttle fishing had not seen much profit, despite the better weather, because of higher fuel costs.

Qu?ng Nam fishermen caught 45,360 tonnes for the first six months of the year, up 41.8 per cent against the same period last year.

During this period, fishing boats in Quang Ngai Province caught a total of 59,322 tonnes, up 13.6 per cent.

The Quang Ngai Province People's Committee has approved financial support of VND20.6 billion (US$980,000) to fishermen.

The money is used to buy fuel, communication facilities on boats, and boat insurance and accident insurance for fishermen. — VNS

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