Coronavirus outbreak: Khulna’s crab, eel trade losing Tk 4cr every day

Published Feb 8, 2020

Tridge summary

The coronavirus outbreak in China is causing significant financial loss for farmers and traders in Bangladesh's Khulna region, with estimated daily losses of Tk four crore due to the suspension of crab and eel exports to China. These exports make up a large portion of the total crab exported from Bangladesh, with 85% going to China. As a result, thousands of crab farmers in the area are facing potential losses, as their crabs are ready for export and the market is currently stagnant. The Export Promotion Bureau office in Khulna reported that US$ 2.68 million worth of crabs were exported in the last five months of 2019.

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Original content

Thousands of farmers and traders in Khulna region are incurring losses worth Tk four crore every day as crab and eel exports to China have been suspended due to the coronavirus outbreak. The country, where the outbreak has so far claimed 722 lives, is the main international market for crab and eel. Traders claim that China has stopped taking the items from Bangladesh. Crabs are exported to China, Taiwan, Belgium, the United Kingdom, the Netherlands, Germany and Australia. Of the total crab exported from Bangladesh, around 85 percent goes to China. Traders at eel and crab markets in Rupsha and Paikgaccha of Khulna were mostly sitting idle as there was no trade going on with wholesalers and exporters. “High price in foreign markets has resulted in a growing popularity in crab farming in the last four to five years,” said Debabrata Das Debu, president of Paikgaccha Crab Businessmen Cooperative Society Ltd. “Around 25 tonnes of crab are sent from Khulna region to Dhaka every day. Of ...

Source: Daily Star