BUKIT GANTANG – The Malaysian Fisheries Development Authority (LKIM) is preparing a tender to appoint a company to supply frozen fish.
LKIM chairman Datuk Syed Abu Hussin Hafiz Abdul Fasal said the move would curb the cartels’ growing monopoly.
“The government through the company appointed by LKIM will buy, store, process and market fish on a large scale to prevent the cartels from monopolising the business during the seasons of fish abundance,” he said at a press conference after handing over outboard engines in Kg Tebuk, Matang, near here, today.
A total of 46 fishermen at the Kg Tebuk and Kg Matang Gelugor jetties received the outboard engines costing RM494,000 to help them increase their income.
Syed Abu Hussin said that at the moment, the fish was experiencing high prices as it was being monopolised by cartels that bought fish in large quantities during a good season.
He said LKIM was confident that appointing a company would stabilise or reduce the price of fish in the market.
“The issue of cartels is not a new thing as they have already moved in to buy fish at the landing locations during the seasons of abundant supply, which enabled them to determine the market price,” he added. – Bernama, June 26, 2022
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