UGANDA – Fish dealers in Uganda have expressed approval of the government’s initiative to set and regulate minimum prices for fish exports, particularly fish fillet, which falls under assorted fish products.
This move is seen as a measure to promote fair competition among players and increase revenue collection within the fisheries sector.
The decision to maintain the minimum selling price at US$6 per kilogram for fish fillet exports was announced by Fisheries State Minister Hellen Adoa during a press briefing in Entebbe to prevent monopoly and dumping by fish exporters, safeguarding the fisheries sector.
According to Minister Adoa, the established minimum price resulted from a consultation meeting between fish processors and exporters.
Charles Kamoga, the Managing Director of Sese Fresh Packers, commended the decision, stating that a standard price eliminates the practice of under-declaring to pay lower levies for assorted fish products.
“The move is expected to create a more equitable market where all players operate on the same level,” he said.
Roger Katerega, the Managing Director of One to Fish, also expressed support for the set price, emphasizing that it levels the playing ground for exporters.
He urged the government to also consider addressing challenges related to the raw material, which is fish.
Additionally, Rakesh Shetty, the Director of Lake Bounty, acknowledged the positive aspect of price capping but emphasized the need to address other challenges in the industry for comprehensive streamlining.
“The established minimum price of US$6 per kilogram for fish fillet is seen as a positive step, ensuring that exporters can compete fairly and contribute to revenue generation.”
However, industry players are urging the government to consider additional factors that impact the sector’s overall efficiency and sustainability.
The decision follows a consultative meeting held by the Ministry of Agriculture Animal Industry and Fisheries (MAAIF) with fish exporters, processors, and associations, where the decline in fish export quantities and values was discussed.
The resolution to set a minimum export selling price of US$6 per kilogram for fillet exports was suggested and later upheld by the government to promote a balanced and sustainable approach to exploiting fish resources.
Despite the positive reception of the minimum price, concerns have been raised about the liberalized economy and the need for constructive dialogue to address potential challenges.
The fish sector is a significant contributor to Uganda’s foreign exchange earnings, with exports reaching US$166 million in 2022.
Nile perch, particularly fillets, constitutes the primary fish species exported to various global markets. The government’s decision to establish a minimum price is expected to contribute to the sector’s growth and sustainability.
