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January 21, 2016

Honduras

2016—A Tough Year For Shrimp Farmers?

 

After a bad year in 2015, the prospects for the Honduran shrimp industry for 2016 are far from encouraging.  Forecasts indicate that droughts [Much of Central America has droughts during El Niño years.] will have a negative impact on production.  A Vibrio disease, encouraged by the drought, is causing high mortalities on shrimp farms.

 

The National Aquaculture Association of Honduras (ANDAH) and the Ministry of Agriculture and Livestock (SAG) are finalizing details on how to support shrimp farmers.

 

ANDAH’s preliminary statistics indicate that 51.2 million pounds of shrimp worth $153 million were exported in 2015.  In 2014, according to the Central Bank of Honduras (BCH), Honduras exported 67.2 million pounds worth $243.6 million.

 

Victor Wilson, President of ANDAH, projects that Honduras’s exports in 2016 will be similar to those in 2015.  He said that this was because vibriosis will probably hinder the increase of production and export volumes.  Based on projections of BCH and ANDAH, it is anticipated that shrimp exports may generate about $160.2 million in revenue in 2016.

 

Source: FIS United States (editorial@fis.com).  Shrimp Industry About to Face Another Weak Year.  January 21, 2016.

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