How does the COVID-19 epidemic affect Indian shrimp industry?

Published 2020년 6월 11일

Tridge summary

The article provides an overview of the significant challenges faced by India's shrimp industry due to the COVID-19 outbreak, particularly the implementation of a blockade order that has disrupted production and export processes. Despite a notable increase in shrimp production and exports in 2019, reaching 804,000 tons and 667,140 tons, respectively, the industry has been adversely affected by the pandemic. The disruption of seed production and increased prices, coupled with the closure of restaurants and reduced demand for larger shrimp sizes, have led to a decline in shrimp farm gate prices. In response, the Indian government has pledged to support farmers by guaranteeing a minimum price to offset the losses. Additionally, the article highlights the decreased production of shrimp feed and essential ingredients like fish meal and fish oil, which are crucial for shrimp farming, signaling wider repercussions beyond the shrimp industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The blockade order, which began in late March in India to prevent the spread of the COVID-19 outbreak, has caused devastating losses to shrimp hatcheries in the country and caused a sharp drop in shrimp prices. How does the COVID-19 epidemic affect Indian shrimp industry? Photo: Global Aquaculture Alliance India has a coastline of 8,188 km through 9 states and 4 surrounding territories. The shrimp industry is one of the growing protein industries and provides important foreign exchange earnings for India. The demand for animal protein is increasing due to the COVID-19 pandemic, which not only caused a major transformation in the global economy but also affected the shopping behavior of many people around the world, according to the Global Aquaculture Alliance. India's shrimp farming area currently covers more than 176,000 hectares of which about 160,000 hectares (91%) are used to stock Pacific white shrimp (Litopenaeus vannamei), about 14,080 hectares (8%) for shrimp farming. ...

Source: Vietnambiz