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January 12, 2014

Bangladesh

Organic Shrimp Farming

 

The farming of organic giant tiger shrimp (Penaeus monodon) is on the rise in southwestern Bangladesh.  Kazi Inam Ahmed, Managing Director of Gemini Sea Food, a leading exporter of frozen seafood, said, "Bangladeshi organic shrimp has a great demand in the world and it is rising.  This has helped local companies...increase exports."  He also said that the price of organic shrimp was 20-25 per cent higher than non-organic shrimp.

 

Shachchidananda Biswas, Assistant Director of Shushilan, an NGO working for sustainable livelihoods for the coastal people of Bangladesh, said it takes two weeks longer to grow organic shrimp, and they weight four to five grams less than non-organic shrimp, but because fertilizer and feed costs are lower and the sales price is higher, the profit margin on organic shrimp is ten percent higher than non-organic shrimp.

 

According to the Bangladesh Frozen Foods Exporters Association (BFFEA) and Shushilan, the country exported nearly 1,500 metric tons of organic tiger shrimp worth $23.85 million in 2012-13, compared to 250 tons in 2011-12.  Exports of organic tigers are expected to double in 2013-2014.

 

Gemini Sea Food, Marine Fresh Bangladesh, Ark Sea Foods, Rupali Sea Foods, Achia Sea Foods and Gazipur Sea Foods are the leading exporters of organic shrimp.

 

BFFEA officials said that Bangladesh exports nearly 50,000 metric tons of shrimp worth $550 million (both organic and non-organic) annually.

 

The Swiss Import Promotion Programme (SIPPO) has signed a memorandum of understanding with BFFEA to develop internationally certified organic shrimp farming in Bangladesh.  It will promote the shrimp, train farmers and processors, and arrange contracts for exporting organic shrimp into Switzerland and the European Union.  With the implementation of this project, Bangladesh could earn a premium price of about 25 percent higher than the present price, BFFEA said.

 

Shrimp farming has become increasingly important industry for Bangladesh because 97 percent of production is exported. Shrimp represent the country's third largest export after garments and jute, contributing about four percent to GDP and employing approximately 1.2 million people in production, processing and marketing.

 

Source: Seafood.com (an online, subscription-based, fisheries news service). Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com). Bangladeshi Shrimp Exporters Note Greater Demand for Organically Farmed Shrimp. Michael Ramsingh (phone 1-732-240-5330
, email michaelramsingh@seafood.com). January 10, 2014.

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