Indonesian tuna exports to Europe increased by 17%, and shrimp lose

Published 2024년 6월 20일

Tridge summary

The Ministry of Maritime Affairs and Fisheries in Indonesia has reported a notable increase in tuna exports to the European Union, with a 17.4% rise in volume and a 4.3% increase in export value year on year. Despite this, global fishery prices have fallen, impacting other commodities like shrimp. So far this year, 374.69 million tons of skipjack tuna have been exported to Europe. Yellowfin tuna is the dominant export type, with Italy and Spain being the main destinations. However, the ministry faces challenges in meeting the EU's traceability certification requirements and is responding by implementing Measured Fishing (PIT) regulations to ensure compliance with quality, traceability, sustainability, and safety standards.

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Original content

Jakarta, CNBC Indonesia - The Ministry of Maritime Affairs and Fisheries (KKP) revealed that the volume of tuna exports to the European Union has increased compared to other commodities, such as shrimp. Secretary of the Directorate General of Strengthening the Competitiveness of Marine and Fishery Products (PDSPKP) Machmud said that the volume of tuna exports increased 17.4%, while the export value rose 4.3% year on year (yoy). "If we look at BPS data, in May 2024 we see that there is a quite sharp increase in tuna (commodity), increasing by 4.3% and volume by around 17.4%, compared to other (commodities). Shrimp has decreased slightly yoy ," said Machmud at the 2024 Indonesia Tuna Business & Investment Forum Press Conference in Jakarta, Thursday (20/6/2024). Regarding the high volume compared to export value, Machmud explained that this happened because world fishery prices had decreased, both in shrimp, tuna and seaweed commodities. "Perhaps because of the current economic ...

Source: Cnbcindonesia