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August 14, 2014

Bangladesh

Shrimp Exports to the USA Plummet, but Soar to Europe

 

Over the last five years, Bangladeshi shrimp exports to the United States have dropped 50 percent, but last year its total worldwide shrimp exports reaching all-time highs, mainly from increased exports to the European Union.  Exports to the USA dwindled from $110 million in 2008-09 to only $55 million last year, while total shrimp exports reached $638 million in 2013–3014, against $543 in 2012–2013.

 

A spokesperson for the Bangladesh Frozen Food Exporters Association (BFFEA) said Bangladesh’s biggest problem is its low yields per hectare, around 300 to 350 kilograms, compared to Thailand’s 6,000 to 7,000-kilos per hectare.  Consequently, 80 percent of the Bangladesh’s 32 shrimp-processing plants sit idle.   The processing plants have a combined capacity of 350,000 metric tons a year, but export only 60,000 tons.

 

Farmers have started a pilot project in Cox’s Bazaar to gradually switch to improved extensive and semi-intensive shrimp farming, which, respectively, produce 1,500 and 4,500 kilograms per hectare a year.

 

Source: The Financial Express. Shrimp Export to US Almost Halves; Overall Export Earnings All-Time High.  Faruque Ahmed.  August 13, 2014.

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