Bangladesh reports sharp decline in shrimp production

Published 2023년 9월 6일

Tridge summary

Shrimp exports in Bangladesh's Khulna region have declined due to various factors such as reduced water sources, viral infections, and farmers' reluctance to use modern methods. Drought, low rainfall, and high temperatures have also led to an increase in disease outbreaks and mortality in shrimp farms. The country's shrimp production has decreased significantly, leading to lower margins, declining global demand, and falling prices. However, there are positive developments in the export of mud crabs and eels, which have gained popularity in China, providing an opportunity for foreign revenue for Bangladesh. Crab farmers in the country have also experienced success due to rising demand from Southeast Asia and China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Bangladesh's main shrimp aquaculture region, Khulna, exported 19,900 tons of shrimp in the fiscal year 2022-2023, which ended in March. The figure is down from 24,100 tons the previous year and from a record 39,706 tons in 2016-2017, according to Seafood Network Bangladesh. “Many factors have contributed to the decline in Khulna shrimp production. This includes the reduction of brackish water sources, viral infections, the reluctance of farmers to apply modern methods. Drought has also played a role in this decline. Unusually low rainfall and higher-than-average temperatures have led to a sharp rise in mortality at the country's shrimp farms, partly as a result of an increase in disease outbreaks. “After suffering losses, no farmer wants to farm shrimp anymore,” said a shrimp farmer in the Daulatpur district of Khulna. Bangladesh's shrimp exports averaged over 30,000 tons between 2016 and 2020, but the country produced just 13,592 tons of shrimp in the middle of the current fiscal ...
Source: Fishretail

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