Indonesia invites Vietnam to invest in lobster seed cultivation

Published Dec 11, 2023

Tridge summary

The Indonesian Minister of Maritime Affairs and Fisheries invited Vietnam to invest in the cultivation of clear lobster seeds in Indonesia and offered to send lobster seeds to Vietnam. Vietnam has a potential requirement of 400 million to 500 million BBL seeds per year, priced at US$2 per head, and the minister hopes to make Indonesia the largest lobster producer in the world in the next five years. The ministry also aims to suppress smuggling of lobster seeds from Indonesia to foreign countries, as 1.6 million BBL valued at IDR 160 billion or US$10 million were seized during smuggling attempts throughout the year.

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Original content

We met with the Vietnamese Minister and we offered to send BBL to Vietnam. We asked them to invest in Indonesia. Jakarta (ANTARA) - Minister of Maritime Affairs and Fisheries (KKP) Sakti Wahyu Trenggono on Monday said that his ministry has invited Vietnam to invest in the cultivation of clear lobster seeds (BBL) in Indonesia. "We met with the Vietnamese Minister and we offered to send BBL to Vietnam. We asked them to invest in Indonesia," Trenggono informed in Jakarta. He noted that the offer was followed up by the ministry's director general based on several recommendations from potential investors, which could be realized in the future. The minister informed that based on the results of his meeting with the Vietnamese Minister of Agriculture and Fisheries, the potential requirement for BBL in Vietnam is 400 million–500 million seeds per year priced at US$2 per BBL head. "From what I learned during the meeting, they need around 400 (million)–500 million seeds at US$2 ...

Source: Antaranews