Market News

400 Fishmongers To Benefit From New Cold Fridges

BY Jane Muia · July 26, 2022 10:07 am

KEY POINTS

Kenya is one of the major countries influencing global prices for freshwater fish. But Taiwan, Honduras, and the US control 99 percent of the market for tilapia, which Kenya imports the most, according to local fisheries data.

KEY TAKEAWAYS

Kenya’s future demand for fish is tied to population growth and efforts to meet consumption targets. Researchers predict that there is a possible decline in Africa’s annual fish consumption per person from 10 kilograms in 2015 to 8.5 kilograms in 2030 and 7.7 kilograms in 2050.

Kisumu fish traders can now smile after getting a cold storage facility a move that will see fish farmers tame post-harvest losses hence improving income. The facility which is worth 10 million shillings will benefit 400 traders operating at the Jubilee fresh Fish market.

“This cold facility will ensure food safety through proper handling and storage of fish. It will improve farmers’ productivity through avoidance of post-harvest losses, thus improving their income,” Kisumu governor prof Anyang’ Nyong’o said.

The facility has the capability of storing up to 16 tons of fish monthly worth 18 million shillings. This will highly impact the economy of Kisumu, making it the hub for blue economy and trade.

The Kisumu county boss called upon residents to highly engage in fish farming, at a time when Kenya and Uganda are working on measures that will see fish from Turkana exported to the Democratic Republic of Congo (DRC) without any hindrance.

The bilateral talks follow a demonstration by Kenyans after the Ugandan authorities confiscated a Kenyan consignment meant for the DRC, arguing that they were immature fish obtained from Lake Victoria on the Ugandan side.

Kenya has a capability of producing 14 million tons of fish a year with a value of 50 billion shillings, a 2013 report from the Food and Agriculture Organization (FAO) estimated. This is if it uses all 1.4 million hectares identified as suitable for fish farming.

Lake Victoria was the giant producer of fish in 2016, as well as in the previous two years. In 2016, the lake produced 90.7 percent of the local harvest, a rise from 81.9 percent in 2012. The main destinations for the Kenyan fish are Uganda, Tanzania, Rwanda, South Sudan, and Ethiopia.

According to FAO, Kenya is one of the major countries influencing global prices for freshwater fish. But Taiwan, Honduras, and the US control 99 percent of the market for tilapia, which Kenya imports the most, according to local fisheries data.

In the global sphere, China is the world’s largest fish producer. The high fish production has been driven by government policies that encourage massive fish farming, supported by efficient technology.

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