This is the reason the US is more interested in Ecuadorian shrimp than Indonesia

Published 2023년 2월 21일

Tridge summary

Indonesia is experiencing a significant increase in shrimp prices, leading to a decline in the Indonesian shrimp market globally. The high price of shrimp is attributed to Indonesia's shrimp production being inferior to countries like Ecuador, India, and Vietnam, and higher production costs in Indonesia, especially for feed. The industry also faces challenges such as high transportation and fuel costs, energy waste, and an approach to broodstock factories that prioritizes fast growth over disease resistance.

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

Original content

Jakarta, CNBC Indonesia- The price of shrimp in Indonesia is currently experiencing a significant increase. This increase also had an impact on the Indonesian shrimp market in the world, which gradually began to decline. Secretary General of the Indonesian Shrimp Forum, Coco Kokarkin, said the high price of fish in Indonesia was caused by several things, namely the amount of shrimp production in Indonesia was still inferior to other countries such as Ecuador, India and Vietnam. On the other hand, the cost or cost of shrimp production in Indonesia is higher, especially for feed prices. As a result, shrimp markets in various countries were closed, especially in Ecuador. He said that at least 66% of the shrimp export market to America had shifted to Ecuador. "If you want to brake a little (production costs), our shrimp can be as cheap as theirs (Ecuador and India)," said Coco in the Food Agri Outlook, Tuesday (21/2/2023). In addition to feed prices, high production costs are also ...

Source: Cnbcindonesia