Maldives Industrial Fisheries Company (MIFCO) paid a total of MVR 2.3 million to fishers for fish purchased on 8 and 9 July.

On 8 July, MIFCO purchased skipjack tuna from 28 vessels and paid a total of MVR 1.2 million. No yellowfin tuna weighing between 10 and 15 kilograms was purchased that day. However, the company purchased yellowfin tuna weighing more than 15 kilograms from four vessels, paying a total of MVR 18,025.

On 9 July, MIFCO purchased skipjack tuna from 30 vessels and paid MVR 1.1 million. The company also paid MVR 7,860 to three vessels for yellowfin tuna weighing between 10 and 15 kilograms and MVR 12,675 to another three vessels for yellowfin tuna weighing more than 15 kilograms.

In total, MIFCO paid MVR 1.23 million for fish purchased from 30 vessels on 8 July and MVR 1.14 million for fish purchased from 32 vessels on 9 July.

MIFCO has been paying fishers within 48 hours of weighing their catch since 10 December 2024, fulfilling a pledge by President Dr Mohamed Muizzu.

The company also began purchasing large yellowfin tuna this year and has extended the 48-hour payment system to fishers supplying the species.