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October 14, 2013

Bangladesh

Can’t Meet the Demand for Its Farmed Shrimp

 

The demand for Bangladesh shrimp has increased significantly in the United States and Europe because of the early mortality disease problem in China, Thailand, Vietnam and Malaysia.  In the first quarter of its current fiscal year, shrimp exports grew by 52 percent.

 

Abul Bashar, Executive Director of the Bangladesh Frozen Foods Exporters Association (BFFEA), said the price of giant tiger shrimp (Penaeus monodon) rose to $9.00 a kilo in the USA market from $5 a year ago.

 

Shrimp exporters can’t meet the demand from USA and European importers, and now they are getting orders from Thailand, Vietnam and China!

 

Khan Habibur Rahman, a leading supplier of shrimp to the USA market, said demand was high and prices were increasing everyday.  But “unfortunately the country’s capacity is limited compared to the demand,” he added.

 

Unfortunately, for the last 12 days, because of the partial shutdown of the USA government, Bangladesh shrimp are being stockpiled at USA ports.  “Shrimp imported from Thailand, Indonesia, India and Bangladesh are decomposing” at USA ports said an exporter.  “If the situation continues for many more days, the shrimp exporters will face heavy financial losses,” he added.

 

Source: The Financial Express.  BD Shrimp Inadequate for Demand in US, EU Mkts.  Jasim Khan.  October 14, 2013.

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