Cold Storage Expansion Set to Reach 25,000 Tonnes, Minister Reveals

Minister of Fisheries and Ocean Resources Ahmed Shiyam has announced ongoing efforts to increase the nation’s fish cold storage capacity to 25,000 tonnes, up from the current 8,500 tonnes, to enhance export capabilities and prices.

Speaking at a press conference at the President’s Office, Shiyam outlined the government’s plan to establish new cold storage facilities across multiple atolls. The minister highlighted that limited storage capacity hampers the ability to hold stock for optimal pricing, often forcing the country to export fish as a raw material at market-driven prices.

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“The lack of storage space means we are unable to export at preferred prices. Without sufficient capacity, we are compelled to sell as fish is caught, leaving us with no choice but to accept the prices offered,” Shiyam explained.

Under the new initiative, cold storage facilities are being constructed in four islands in the southern Maldives, adding 8,500 tonnes of storage.

Currently, the nation’s cold storage facilities include 750 tonnes in Felivaru, 2,000 tonnes in Kooddoo, and 1,500 tonnes in Hulhumeedhoo. Including storage available on fishing vessels, the total capacity presently stands at 8,500 tonnes.

The government aims to complete the planned expansions by the end of the current term, providing a significant boost to the fisheries sector and improving export prospects.