A crisis of confidence in Cambodia’s fishermen has led to a collapse in fishing stocks and a collapse of government contracts, according to industry analysts.
Key points:The industry is facing a “huge” cash crunch in Cambodia due to a sharp drop in global prices for shrimp and fish The industry has been left with little funding and the only government source of income has been a fishing concessionThe Cambodian government has been running a budget surplus for nearly two decades, which has helped keep fishing afloatIn a series of interviews with The Australian Financial Press, analysts say the fishing industry in Cambodia has faced a huge cash crunch and a sharp decline in global seafood prices.
The country’s fishery ministry says the country’s fishing is expected to fall by more than 70 per cent in 2020, to a maximum of 1,600 tonnes.
But with the price of seafood plummeting, Cambodia’s fish and shrimp markets have shrunk to the point where fishing companies have been forced to turn to their government-backed concession.
“The government’s budget surplus has been in place for almost two decades.
So, if the fishery is not protected, the fishing market will shrink,” said Sam Phan, chief executive of the Cambodia Fisheries Management Organization (CFMO), a government-linked fishing agency.”
The Cambodians have long depended on the Thai fishing industry, which is dominated by the Thai government.”
That’s a huge problem for the fishing sector in Cambodia.”
The Cambodians have long depended on the Thai fishing industry, which is dominated by the Thai government.
But since the Thai fisheries industry is heavily reliant on Chinese subsidies and is one of the few that relies on foreign investment, it is facing the challenge of keeping fishing afloat in a world of falling global seafood markets.
“We need to keep the Cambodian fishing industry viable.
We need to maintain some of our exports, we need to continue our contracts with the Chinese,” Mr Phan said.”
It’s a terrible thing’The fishing industry’s problems stem from a sharp fall in global shrimp prices in the last two years.””
It will be a catastrophe.”‘
It’s a terrible thing’The fishing industry’s problems stem from a sharp fall in global shrimp prices in the last two years.
“A big factor is that prices have fallen so much that they’ve forced fishermen to use foreign vessels, which are not the most cost-effective way to fish.”
Fishing is a very traditional, traditional industry.
“So, if they can’t fish on the Chinese ships, they’re going to resort to using foreign boats.”
Fishing companies are now reliant on a Thai fishing concession, which runs on revenue from the sale of shrimp and fishing licenses.
“This year, the Thai concession was worth more than $20 million,” said Mr Phun.
Mr Phan says there is no way that the Cambodis fishing industry can continue to operate without government subsidies.””
But in order to pay the rent and the food, they are also relying on government money.”
Mr Phan says there is no way that the Cambodis fishing industry can continue to operate without government subsidies.
The industry’s situation is dire because there is little money to invest in the country.””
And the government is not going to fund that.”
The industry’s situation is dire because there is little money to invest in the country.
“There’s no money in the fishing, there’s no food, there are no fish,” said Phan.
The fishery minister, Phan Khap, says the government has the funds to run the fishers’ fishing operation but says the Cambodi government has yet to offer any support.””
We can’t get any of the funds we need for anything.”
The fishery minister, Phan Khap, says the government has the funds to run the fishers’ fishing operation but says the Cambodi government has yet to offer any support.
“You have to remember that the fisherist’s income is only enough to survive for a year or two,” he said.
The fishers say the Cambod government has failed to adequately support the fishing community and that there is nothing the government can do to alleviate their situation.
“Cambodian fishing is a difficult industry.
We don’t have any income.
We have no money.
We are very poor,” said Khap.
“If the government does not support us, then we will lose our livelihood.”
Cambonese fishermen and Thai fishers clash in a river in Phnom Penh on June 26, 2021.
Key Points:The fishing ministry has not given any indication that it will support the Cambodic fishers, according of an industry sourceIt is believed that Cambodia’s fisheries industry could be hit by a sharp reduction in global fish prices due to the decline in shrimp pricesThe fishing concession currently provides the only income for Cambodia’s fishersThe Cambodi fishers have long relied on the Thailand fishing industry.
But in recent years, shrimp and other seafood prices have dropped significantly.
While the Cambodia government has offered some help, it has yet received any concrete support from the Thai side.
“Our fishermen are desperate. We