Malaysia bans export of 5 types of fish to Singapore
Malaysia's Fisheries Department has announced a sudden ban on the exports of five species of oceanic fish to Singapore.
The ban will last for two months.
Malaysian newspapers report that the banned fish are: kembung, pelaling, cencaru, selayang and selar.
Exports of these fish account for about 20 per cent of Singapore's supply of fresh fish.
It is believed that the ban is meant to ease the shortage of such fish during the Ramadan fasting period.
The sudden ban has taken many fish merchants by surprise, leaving them unable to ship their stock through the Johor Customs in time.
They stand to suffer major losses as a result.
Fish wholesaler, Lim Ah Lik, imports as much as three tonnes of the five kinds of fish from Malaysia every day.
The sudden ban has resulted in a large batch of his stock getting stuck in Malaysia.
He had to sell them there instead at a huge loss.
Mr Lim said the fish typically fetch about $3 to $6 per kg in Singapore, but prices have been rising since last week.
He expects to see prices rise further in the coming days.
Mr Lim said the affected fish merchants will meet on Wednesday to discuss the matter.
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