May 19, 2009

Shrimp exports down 20-25 percent in Bangladeshi district

Shrimp export from Cox's Bazar district, southern Bangladesh, has registered a 20 to 25 percent decline recently due to global recession.


Besides the recession, malpractice of certain quarters has also caused a negative impact on the export of the item disrupting normal remittance flow.


Some 30,000 to 35,000 tonnes of shrimps worth BDT20 billion are exported from Bangladesh annually. The export target has been fixed at around BDT40 billion during the current fiscal.


Fish plant owners said that out of total volume of export, Cox's Bazar contributes 10,000 tonnes of shrimps annually which is likely to drop to almost a half during the current fiscal.


The owners said a vested quarter is involved in false propaganda against local shrimp, resulting in businessmen and owners of frozen fish plants incurring huge loss.


Out of total eight processing plants based in Cox's Bazar, three units have already been closed down. If the unhealthy trend continues, more plants are likely to face closure.


US$1 = BDT68.875 (May 19)