Oil price spike raises cost of ice

Ice blocks have risen Rf 50 per tonne on the back of rising diesel prices, Koodoo Fisheries has announced.

The move comes after the State Trading Organisation (STO) increased the price of diesel by Rf 0.55 to Rf 11 a litre. Ice blocks will now sell for Rf 650 a tonne.

Ready access to ice is vital for Maldivian fishermen to preserve their catches and obtain a premium price in key international markets, such as the UK.