Minister Trenggono's ambition, Indonesia to dominate the world shrimp-lobster supply chain

Seafood

Indonesia

Regulation & Compliances

Market & Price Trends

Innovation & Technology

Published Feb 6, 2024

Tridge summary

Indonesia's Ministry of Maritime Affairs and Fisheries (KKP) is planning to enhance the country's aquaculture sector over the next five years, with the goal of controlling several global supply chains, including shrimp, lobster, crab, seaweed, and tilapia by 2029-2030. The KKP is inviting investment from countries with strong aquaculture sectors like Norway, Greece, and Turkey. Despite the majority of Indonesia's fishery exports going to the US, the country is yet to meet the standards required to enter European markets.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Jakarta, CNBC Indonesia - Not only focusing on capture fisheries through Measured Fishing Regulations (PIT), the Ministry of Maritime Affairs and Fisheries (KKP) will also boost aquaculture. Minister of Maritime Affairs and Fisheries (MenKP) Sakti Wahyu Trenggono targets that in the next 5 years or to be precise in 2029-2030 Indonesia must be strong in its fisheries cultivation sector. He emphasized that in the next 5 years Indonesia must be able to control several global supply chains such as shrimp, lobster, crab, seaweed and tilapia. "For this reason, we have created these models, of course later investors can copy them to do it in Indonesia," said Trenggono at the Indonesia Marine and Fisheries Business Forum 2024 at the Fairmont Hotel, Jakarta, Monday (5/2/2024) . Trenggono gave an example, where aquaculture in Norway, Greece and Turkey is already very strong. Where for Norway, it is strong in terms of salmon cultivation, Greece with its white sea bass cultivation, and Turkey ...

Source: Cnbcindonesia