MIFCO hikes canned fish prices following elections, cites ongoing global conflict as justification!
MIFCO has increased the price of canned fish following widespread public speculation that the government would raise the cost of various goods and services once the elections concluded.
MIFCO introduces new canned tuna product. | MIFCO | mifco
Following the conclusion of the elections, the Maldives Industrial Fisheries Company (MIFCO) has adjusted the prices of its canned fish products.
MIFCO announced that the price adjustment was necessitated by a significant increase in production costs, driven by rising global oil prices linked to ongoing instability in the Middle East.
MIFCO noted that the price of fuel, which was available at MVR 11.57 per liter prior to March, has now risen to MVR 14.32 per liter.
Following this adjustment, MIFCO has set the price of a single tuna chunk can in oil at MVR 18.50. Additionally, a case of tuna cans in oil will now be sold for MVR 800.
The Maldives Industrial Fisheries Company (MIFCO) has stated that despite rising production costs driven by global economic instability linked to Middle Eastern conflicts, the company is implementing measures to ensure that the impact on the public remains minimal.
MIFCO has increased the price of canned tuna following widespread public speculation that the government would raise the cost of various goods and services once the elections concluded.
