Shrimp entrepreneurs in Indonesia complain about complicated regulations and expensive energy

Published 2023년 2월 21일

Tridge summary

Shrimp entrepreneurs in Indonesia are facing challenges in developing the commodity due to complicated regulations and permits, according to the Secretary General of the Indonesian Shrimp Forum, Coco Kokarkin. The industry is currently struggling with falling global prices, increased competition from Ecuador in the US market, and difficulty penetrating the Chinese market due to the pandemic. High transportation and energy costs also contribute to making Indonesian shrimp among the most expensive in the world.

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

Original content

Jakarta, CNBC Indonesia - Shrimp entrepreneurs complain that regulations and permits are still complicated to develop this commodity. In fact, this commodity is currently on the rise and is in demand worldwide, resulting in many new entrepreneurs, especially in the Sulawesi region. This was disclosed by the Secretary General of the Indonesian Shrimp Forum Coco Kokarkin in the Food Agri Outlook 2023. He added that many entrepreneurs complain about licensing that is similar and detrimental. "Indeed, with the OSS (online single submission) it will be easier, for example fulfilling the 3 requirements first. But in fact the other requirements are long, and for law enforcers (which are being processed) there are none, they are not in the process. So this discourages us," said Coco, Tuesday (21/2/2023). He said that currently world shrimp prices were dropping, and Indonesia's exports to the United States were being beaten by Ecuador. China, which is usually the target, is difficult to ...

Source: Cnbcindonesia